Advance Payment: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: Advance Payment

  • an amount paid before it is earned or incurred, for example, a prepayment by an importer to an exporter before goods are shipped, or a cash advance for travel expenses

Additional Resources

Tax scam targets potential recipients of Advance Child Tax Credit
The Internal Revenue Service issued a consumer alert, warning taxpayers about a new scam targeting potential recipients of the Advance Child Tax Credit. Although there have only been isolated instances of this new scheme, it is reported that some taxpayers have received telephone calls promising to speed...
Tags: FINANCE, Internal Revenue Service, payment, SALES, Taxes
Research articles 2003-06-24
Mini signs up to Motability scheme
Byline: By Steve Hughes A range of new models have been added to the Motability scheme for disabled drivers, including Minis and a new choice of automatics. The Mini range includes the One, the Cooper and the convertibles. The Mini One with air conditioning comes with an...
Tags: Cooper, FINANCE, Mini, mobility, payment
Research articles 2006-08-11
Bavarian Nordic Receives US$50 Million Advance Payment From HHS for Fulfilling Contract Milestones.
WASHINGTON, D.C., October 9 /PRNewswire/ -- Bavarian Nordic, the Danish-based international biopharmaceutical company, has received permission from the Department of Health and Human Services HHS to invoice an advance payment of US$50 million a WASHINGTON, D.C., October 9 /PRNewswire/ -- ...
Tags: U.S. Department of Health and Human Services
Research articles 2007-10-09
SBC Wants Advance Payment from Long-Distance Carriers with Credit Issues.
By Sanford Nowlin, San Antonio Express-News Knight Ridder/Tribune Business News Aug. 3--SBC Communications Inc. wants the ability to collect upfront payments from financially troubled long-distance phone companies such as WorldCom Inc. before it will connect calls on its network. ...
Tags: carrier, FCC, FINANCE, Government, payment, SBC Communications Inc., TELECOMMUNICATIONS, WorldCom Inc.
Research articles 2002-08-03
VeriFone to Drive Value-Added Payment Services for Polish Post Offices
SAN JOSE, Calif. -- VeriFone Holdings, Inc. (NYSE: PAY) today announced that PKO Bank Polski's wholly-owned acquiring arm, eService, will be delivering value-added payment services to Polish Post offices via VeriFone's Vx 510 payment platform and PINpad 1000SE system. Polish Post branches will be able to use eService and the...
Tags: post office, VeriFone Inc.
Research articles 2006-12-06
Inflation, Finance and Growth in a Cash-in-Advance Economy With Costly Intermediation
This paper investigates a cash-in-advance model where credit is an alternative means of payment similar to Ireland. Specifically, intermediation across spatially segmented markets is costly and will result in an endogenous mix of cash and credit goods. Both cases are considered where the cash-in-advance constraint applies only to consumption goods...
Tags: United States Small Business Administration, Inflation, Currency & Foreign Exchange, Operational Accounting, Financial Accounting, Finance
White papers 2001-06-01
Bavarian Nordic Receives USD 50 Million Advance Payment From the U.S. Government for Fulfilling Contract Milestones.
KVISTGARD, Denmark, October 8 /PRNewswire/ -- Bavarian Nordic has received permission from the U.S. authorities to invoice an advance payment of USD 50 million as allowed under the RFP-3 contract to manufacture and deliver 20 million doses of the KVISTGARD, Denmark, October...
Tags: payment, permission, U.S. Government
Research articles 2007-10-08
Datapoint Corporation Announces Interest Payment On Convertible Subordinated Debentures Expected to be Made Within Grace Period
SAN ANTONIO--BUSINESS WIRE--Dec. 1, 1999-- Datapoint Corporation (OTC BB:DTPT) announced that it expects to make the Dec. 1, 1999 interest payment on its 8-7/8% Convertible Subordinated Debentures within the grace period under the terms of the Indenture dated as of June 1, 1981. The Company expects to receive...
Tags: Business Wire, Company, FINANCE, integration, NETWORKING, payment, Telephony
Research articles 1999-12-01
Dell Adds PayPal as Payment Option on Dell.com
ROUND ROCK, Texas -- Dell (NASDAQ:DELL) now accepts PayPal payments from U.S. consumer and small business customers, adding to the company's many forms of payment options in advance of "Black Friday," the traditional start of the holiday shopping season.
Tags: Dell Computer Corp., payment, PayPal
Research articles 2005-11-14
CCPs due back for corn and milo.(Counter-cycling payment)(Brief Article)
Official word will come in USDA's Sept. 29 Ag Prices Report, but all indications are the 7.7 cents per bu. advance counter-cyclical payment CCP for 2003 corn (1.4 cents for '03 sorghum) will have to be "repaid." Unless you make other ar Official word...
Tags: corn, payment, U.S. Department of Agriculture
Research articles 2004-09-25
Letter To Small Businessman In Advance Of Collections
Use this template to inform customer about the overdue payment and to know customer's intention.
Tags: Customer, SHBBL, Operational Accounting, Finance
Tools & templates 2007-12-01
NVIDIA Receives $200 Million Advance Payment From Microsoft
Business Editors/High-Tech Writers
Tags: Microsoft Corp., NVidia Corp., payment
Research articles 2000-04-19
Big crops bring bigger CCP projections.(counter-cyclical payment)(Brief Article)
USDA hasn't officially announced projected counter-cyclical payment CCP levels for 2004 crops, but should do so shortly. The figures will be based on the October 12 Supply & Demand Report. CCPs are calculated by taking the difference between the target price and the...
Tags: FINANCE, payment, U.S. Department of Agriculture
Research articles 2004-10-16
Thai Finance Ministry Approves 12 Billion Baht in Pension Payment Advances.
By Wichit Chantanusornsiri, Bangkok Post, Thailand Knight Ridder/Tribune Business News Dec. 6--The Finance Ministry has approved 12 billion baht worth of advance payments to retired civil servants from the state pension plan, with the first payments to be made before the New...
Tags: Bangkok Post, Benefits, FINANCE, payment, pension, salary, servant
Research articles 2003-12-06
E-payment delays
If you e-file a return the day it is due--or even the day before--and ask the IRS to take an electronic payment from the taxpayer's account, it may be considered a late payment. The Dept. of Treasury needs 48 hours notice to get a payment, so it could take...
Tags: FINANCE, Internal Revenue Service, payment
Research articles 2006-03-01
New MasterCard Payment Gateway™ Breaks Down Payment Silos by Integrating and Automating B2B Payment Processing
Wells Fargo First to Offer Payment Systems Breakthrough that Connects Buyers and Suppliers and is Designed to Drive Efficiencies, Cost Savings and Revenue Opportunities
Tags: B2B, MasterCard International, payment
Research articles 2007-10-04
Cover Letter For Enclosed Payment
This is a simple letter which clearly states what the payment is for, with specifying amount, check number and whether this represents full or partial payment. If it is a partial payment, tell them why.
Tags: Payment, Best Sample Letters, Operational Accounting, Finance
Tools & templates 2008-01-01
Mortgage Length Calculator
This tool figures the length of your mortgage depending on your monthly payment. By paying more than your mortgage payment every month, you can decrease the length of your loan. If you do not know your monthly principal and interest payment, you can use the Mortgage Payment Calculator to find...
Tags: Payment, Mortgages Magazine, Mortgages, Operational Accounting, Finance, Capital Structures
Tools & templates 2008-01-01
Lattice Semiconductor to Make Advance Payment to Support Fujitsu's New 300mm Fab
HILLSBORO, Ore. -- Agreement to Extend Technology Development Partnership to 65nm Also Announced
Tags: Fujitsu Ltd., payment, semiconductor
Research articles 2004-09-10
Web site to verify child credit rebates.(FILING TIPS)(Brief Article)
Preparers will have an easy way to verify child credit rebates. This year, IRS sent out millions of advance payment checks to taxpayers as a one-time-only rebate of the $400-per-child increase in the credit. The payments must be subtracted when claim Preparers will have an easy...
Tags: Internal Revenue Service, payment, taxpayer, Web, Web site
Research articles 2003-12-19