Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does payment in advance mean?

SEARCHING
Suggestion/Report Error
payment in advance
Noun


A payment structure in which lease payment is due and payable at the beginning of each period during the lease term, primarily to protect the lessor by decreasing the lessor’s credit exposure.

Synonym(s): 
  • advance payment; advance rent; annuity due.
top
© 2015-2024 Pecunica LLC.  All rights reserved.
;