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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
Editor at TextRanch

Last updated: October 22, 2024 • 12169 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.

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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