Business, Legal & Accounting Glossary
The issuance of an invoice before the product or service has been provided.
To officially lodge a payment request, even though the payment isn’t due until a date in the future. Generally, these are issued in order to get the payment and ensure that it will be paid for, since services have already been rendered.
To submit a request for payment although the payment is not due on a later date. Medical insurance companies will submit a payment receipt before surgery has been completed to ensure payment will be received at a later date.
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This glossary post was last updated: 28th December, 2019 | 0 Views.