A payment to the contractor prior to receipt by the County of contractor performance that is at least equal in value to the amount of the payment.

Payment made 'up front'.

It refers to up-front payment.

With this form of settlement the exporter insists on receiving payment (in full or in part) before shipping or despatching the goods.

Payment made to the project applicant when it is confirmed that the project has started

Also Known As: Advance Air time Credit; Advance Access Fee Definition: Any payment made against a customer's account prior to the due date.

The payment(s) paid in advance which are reduced from the total number of payments on the lease term. Generally the first and last payment(s) are collected up front making the next scheduled lease payment due thirty days later.

Payment made before the provider has incurred the expenditure and before the product or service – or an agreed part of it – has been delivered.

An advance payment, or simply an advance, is the part of a contractually due sum that is paid in advance, while the balance will only follow after receipt on the counterpart in goods or services. Keyword(s): collections, advance

A deposit made prior to the receipt of goods or services. An advance does not increase the net cost of a product.

An agreement in which the sponsor pays MIT based on a schedule that is not tied to outlay of expense dollars.Arrangements of this type are less common, may be referred to as Letter of Credit, and a process exists within Sponsored Accounting to insure that advance payments are tracked in the same way as cost reimbursable accounts to avoid missed payments.