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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. However, "advance payment" is more commonly used to describe a payment made before a service or goods are received.
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Explained by Jennifer
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Last updated: October 22, 2024 • 12223 views

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.
  • The link Sign up for Advanced Payment Notifications Emails under the heading Tips. payment search page screenshot. The Advanced Payment Notification page ...
  • Oct 11, 2022 ... ... advanced payment as a strategy to increase access to funding for lower-resourced organizations and communities. The legislation expands ...
  • Feb 13, 2024 ... DLA unveils advanced payment systems fuel points across JBLM. By Army Spc. Destinee Rodriguez Joint Base Lewis-McChord. JOINT BASE LEWIS ...
  • Acronyms. ACO. Accountable Care Organization. APA. Alternative Payment Arrangement. APO. Advanced Payment Option. CMMI. Center for Medicare & Medicaid ...
  • Mar 31, 2022 ... Hello everyone, Some of the raw materials we purchase are advanced payment methods. But, I had to figure it out myself because there was no ...
  • Jun 15, 2021 ... An advanced payment guarantee, also known as a cash guarantee, is used when a commercial contract is issued to guarantee that payment gets made to the company ...
  • Mar 22, 2021 ... Advanced Payment Manager enables payment flexibility for your subscribers. With Advanced Payment Manager, payment methods can be associated with subscriptions ...
  • Aug 28, 2023 ... Advanced Payment from Customers. We have huge SOs with inventory items that we ask customers to prepay a certain percentage of the total ...
  • Jun 7, 2024 ... Abstract page for arXiv paper 2406.04658: Advanced Payment Security System:XGBoost, LightGBM and SMOTE Integrated.
  • Advanced Payment Methods can be accepted on any Verifone Android or Engage payment device with a camera. QR codes are produced or accepted by the APM provider's ...

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.
  • The Environmental Quality Incentives Program (EQIP) advance payment option limits out-of-pocket conservation costs for historically underserved producers.
  • You can apply for an advance payment of your Universal Credit if you are in financial hardship while you wait for your first payment.
  • Dec 19, 2019 ... Taxpayers are subject to the advance payment requirement if they meet the threshold of more than $150,000 in cumulative tax liability for the ...
  • Oct 11, 2022 ... The legislation expands advance payment to six state grant programs prioritizing recipients and projects serving disadvantaged, low-income, under-resourced,
  • Jul 27, 2021 ... When you file your sales tax return, claim the advance payments as a credit on the advance payment line of your return. (You must file a ...
  • Sep 20, 2024 ... You may get part of your income support payment or Family Tax Benefit (Part A) early. This is an advance payment. You pay it back later out of your payments ...
  • Mar 13, 2024 ... A CHOPD accelerated or advance payment refers specifically to accelerated/advance payments issued to providers and advance payments issued to suppliers.
  • Your online account has the most current advance payment information. Do ... 2021 Child Tax Credit and Advance Payment frequently asked questions · 2021 ...
  • Sep 20, 2024 ... You may get part of your income support payment or Family Tax Benefit (Part A) early. This is an advance payment. You pay it back later out of your payments ...
  • The Advance Payment Model was designed for physician-based and rural providers who have come together voluntarily to give coordinated high quality care.

Alternatives:

  • prepayment
  • upfront payment
  • early payment
  • initial payment
  • deposit

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