Advanced payment vs Advance payment

Both "advanced payment" and "advance payment" are correct, but they are used in different contexts. "Advanced payment" is used when referring to a payment that is made ahead of time, while "advance payment" is more commonly used to describe a payment made before a service or goods are received.

Last updated: March 28, 2024

Advanced payment

This phrase is correct and commonly used when referring to a payment that is made ahead of time.

This phrase is used to describe a payment that is made in advance of the usual schedule. It implies that the payment is made earlier than expected.

Examples:

The company requested an advanced payment for the project.
He made an advanced payment for the hotel reservation.
The advanced payment was necessary to secure the booking.
They asked for an advanced payment to start the work.
The advanced payment was a sign of good faith.

Alternatives:

prepayment
upfront payment
early payment
initial payment
deposit

Advance payment

This phrase is correct and commonly used to describe a payment made before a service or goods are received.

This phrase is used to refer to a payment that is made before receiving the service or goods. It indicates that the payment is made in advance of the delivery.

Examples:

The customer made an advance payment for the order.
They require an advance payment for custom orders.
An advance payment is needed to secure the booking.
The advance payment was processed before the shipment.
He requested an advance payment for the service.

Alternatives:

prepayment
upfront payment
early payment
initial payment
deposit

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Advanced payment vs Advance payment