advance payment

noun

  • Contract Law

Definitions of advance payment

  • money given as part of a total sum payable under an agreement before performance is provided

    International oil suppliers are hesitant to provide cargo shipments without advance payment.

Phrase Bank for advance payment

  • Licensee shall pay Com the sum of $320,000 U.S. as a non-refundable advance payment of License Fees for Licensed Software by Master Reseller.

  • As for the last month of the year, the advance payment will replace some of the payment as mentioned in Section 3.2.1 and Section 3.2.2.

  • WHEREAS, the Company has determined that it is in the best interests of the Company and its stockholders to provide for such advance payment; and …

  • Ms. Van Sleen acknowledges that she received a Four Thousand Four Hundred Dollars ($4,400.00) advance payment from the Company in connection with the …

  • to be applied either as (A) an advance payment towards a contemplated services arrangement between the Holder and the Obligor relating to hosting services.

  • The parties to this Agreement do not intend that Borrower’s delivery of any Pledged CD to Bank as herein provided will constitute an advance payment of any …

  • While rejecting the idea of advance payment of fees, McDonald-Burkman left open the possibility of reimbursement should Ramsey win the suit.

  • This payment of €116 million is also due to my securing the agreement of the EU Commission for a higher advance payment rate of 85%.

  • This was done in clear violation of rules which state that the employer shall make an advance payment as an interest-free loan.

  • The government is expected to be able to redeem the RM10.02 billion advance payment paid to China Communications.