What is an advance payment?

What is an advance payment? Here are some definitions.

Noun The part of a contractually due sum that is paid or received in advance for a good, service or social security payment. Find more words! 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Most taxpayers who were eligible for the advance payment received a notice from the taxation office shortly before they got their check. They also stressed that applicants only received an advance payment once a detailed working plan had been submitted. Manitoba's late corn harvest means the deadline for growers to submit their 2009 advance payment program has been extended. The recipient shall use the advance payment only for payment of eligible expenditures. DeLillo spends this advance payment as recklessly as his hero overinvests in loans against the yen. See Also What is another word for advance payment? What is the opposite of advance payment? Sentences with the word advance payment What is the plural of advance payment? Translations for advance payment Nearby Definitions advancements advancementes advancemente advancement campouts advancement campout advancement advance payments advance person advance persons advancer advancers advances