Advance

Business, Legal & Accounting Glossary

Definition: Advance


Advance

Quick Summary of Advance


To pay money or give something of value before the date designated to do so; to provide capital to help a planned enterprise, expecting a return from it; to give someone an item before payment has been made for it.




What is the dictionary definition of Advance?

Dictionary Definition


n. a payment which is made before it is legally due, such as before shipment is made, a sale is completed, a book is completed by the author, or a note is due to be paid.

  1. An increase in price; opposite of decline.
  2. A payment made before it is due.

Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/advance/
Modern Language Association (MLA):
Advance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
January 26, 2022 https://payrollheaven.com/define/advance/.
Chicago Manual of Style (CMS):
Advance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/advance/ (accessed: January 26, 2022).
American Psychological Association (APA):
Advance. PayrollHeaven.com. Retrieved January 26, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/advance/

Definition Sources


Definitions for Advance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 21st November, 2021 | 2 Views.