advance payment
something paid partially before the total amount is due (i.e. an advance on someone's salary) | ||||
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Advance Payments definition was found in categories: Business & Finance(1)
Advance Payments Definition from Business & Finance Dictionaries & Glossaries
| Leasing |
Advance Payments
One or more lease payments paid to the lessor at the beginning of the lease term. This term also refers to leasing arrangements in which the lease payment is due at the beginning of each period.
One or more lease payments paid to the lessor at the beginning of the lease term. This term also refers to leasing arrangements in which the lease payment is due at the beginning of each period.