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.
West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
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.
Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
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.
Collins Dictionary of Law © W.J. Stewart, 2006