Funds received for goods or services prior to the delivery of the goods or services. Typically, the funds must be returned if the transaction is canceled or if the recipient of the advance fails to provide the goods or services. See: progress payments.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). advances. Retrieved September 20, 2026, from http://smartdefine.org/advances/definitions/1147299 |
| Chicago | Barry Goldsmith. 2010. "advances" http://smartdefine.org/advances/definitions/1147299 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, advances, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/advances/definitions/1147299>. |
| MLA | Barry Goldsmith. "advances" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/advances/definitions/1147299> |