advance
noun

money paid as a loan or as a part of a payment to be made later

Examples
  • She asked if she could have a cash advance.

  • We paid her an advance on account.

  • Can I have an advance of $100 against next month's salary?

adjective

early, or taking place before something else happens

Examples
  • advance payment

  • Advance holiday bookings are up on last year.

  • You must give seven days' advance notice of withdrawals from the account.

verb
  1. to pay an amount of money to someone as a loan or as a part of a payment to be made later

    Example

    The bank advanced him $100,000 against the security of his house.

  2. to make something happen earlier

    Examples
    • The date of the shipping has been advanced to May 10th.

    • The meeting with the German distributors has been advanced from 11.00 to 9.30.

Browse by Subjects
imputation system
moving average (MA)
front
if done order
first quarter
See All Related Terms »

certain annuity
free cash flow
redenomination
note receivable
reversing entry