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Definition of

advance payment

Finance

prepaid amount an amount paid before it is earned or incurred, for example, a prepayment by an importer to an exporter before goods are shipped, or a cash advance for travel expenses

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Definitions of ’advance payment’ and meaning of ’advance payment’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’advance payment’ and other financial terms with our online QFINANCE Financial Dictionary.

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