Meaning of the word "Advance payment" in English
What does "Advance payment" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
Advance payment
US /ədˈvæns ˈpeɪmənt/
UK /ədˈvɑːns ˈpeɪmənt/
Noun
a payment made before it is due; a payment made ahead of time
Example:
•
The contractor requested an advance payment before starting the project.
•
We usually require a 20% advance payment for all custom orders.