advance


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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.

advance

n. a type of loan in which payment is made before it is legally due, such as before shipment is made, a sale is completed or a note is due to be paid.

advance

(Allowance), noun accommodation, anticiiated loan, cash payment, compensation, credit, disbursement, emolument, expenditure, fee, giving beforehand, installment, investment, pay, payment beforeeand, remuneration, subscription
Associated concepts: advance as against profits, advanceeent from an estate grant, future advances

advance

(Increase), noun amplification, elaboration, enhancement, enlargement, enrichment, expansion, extension, improvement, increase, increment, intensification, prolongation, protraction

advance

(Progression), noun elevation, expedition, facilitation, forward motion, forward movement, headway, progress, progression, progressus, upsurge
Associated concepts: advance payment, advance sheets, annicipatory repudiation, contract breached in advance
See also: abet, accession, accretion, accrue, adduce, advancement, aid, allege, ameliorate, appreciate, approach, argue, assault, assert, assist, attain, attest, augmentation, benefit, bid, boom, certify, cite, compound, conduce, contend, contribute, course, credit, cultivate, declare, develop, development, elevate, enlargement, evolve, expand, expedite, extend, facilitate, favor, finance, foster, fund, further, gain, give, hasten, headway, heighten, help, honor, increase, inform, installment, inure, invest, invitation, lend, loan, lobby, maintain, meliorate, nurture, offer, onset, overture, plead, pose, posit, postulate, precipitate, precursory, preface, prefer, proceed, profit, progress, promotion, propose, propound, prosecute, prosperity, recommend, remit, resume, send, serve, signify, state, step, submit, subsidize, succeed, tender, urge

advance

1 to lend money to someone; a loan of money.
2 to make a payment before it is lawfully due; in the law of trusts, trustees may advance capital under an express power or under legislation to a beneficiary who has a vested or contingent interest in the capital of the trust. Advancements under the legislation may be up to half the beneficiary's expectant share and are subject to the consent of the holder of any prior interest.
References in periodicals archive ?
For taxpayers with an applicable financial statement, advance payment income is recognized for tax purposes in year 1, to the extent that it is recognized for financial statement purposes.
Taxpayers without an applicable financial statement would still be allowed an automatic change to the deferral method if they could determine how much of the advance payment was earned in the receipt year.
Some workers who are eligible for the EITC are not allowed to get advance payments, including workers without qualifying children, farmworkers who get paid day by day, and people with no Social Security and Medicare taxes withheld from their pay.
Employers simply subtract the advance payments they have added to their worker's paycheck from what they would otherwise deposit with the IRS.