advance payments
Pay before delivery
Advance payments are money paid before goods are delivered or services are rendered.
The term appears in business contracts, rental agreements, and employment contexts: The contractor required an advance payment before starting work.
Unlike deposits, which may be partially refundable, advance payments typically apply directly toward the total cost.
- prepaymentPayment made beforehand
- earnest moneyPayment showing serious intent
- retainersUpfront professional fees
- escrowConditional third-party deposit
- installmentPeriodic partial payment
deposit · security deposit · binders · contract negotiation · front money · book contracts · amortization · territorial rights · exclusive rights · literary agents · signing bonus · benchmarks · financial planning · self-publishing · asset management · academic publishing · prepayments · deposits
- publishingpublishers, editors, editor, publishing house, books
- entertainment businessrecording contract, movie deal, book deal, development deal, talent deal
- royaltiesmusic royalties, streaming royalties, artist royalties, oil royalties, copyright fees
- salessale, sales, selling, salesperson, salesman
- revenuegross revenue, net revenue, total revenue, revenue streams, sales revenue
advance paymentsback pay
Overdue salary owed
arrears · COD · postpaid · reimbursement · final payment
advance paymentspay-as-you-go
Immediate settlement required
installment payments · cash on delivery · COD · accounts payable · recurring payments
advance paymentsback pay
Overdue salary owed
arrears · reimbursements · balloon payments · installment payments
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