advance payment
noun1
The part of a contractually due sum that is paid or received in advance for a good, service or social security.
- Near-synonym: down payment
- Related terms
- cash advance
noun
The part of a contractually due sum that is paid or received in advance for a good, service or social security.
Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.
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