advance payment
71Proof-of-payment — or POP is an honor based fare collection approach used on many public transportation systems. Instead of checking each passenger as they enter a fare control zone, proof of payment requires that each passenger carry a ticket or pass proving that… …
72Cash-in-advance constraint — The cash in advance constraint (sometimes known as the Clower constraint after American economist Robert Clower)[1] is an idea used in economic theory to capture monetary phenomena. In the most basic economic models (such as the Walras model or… …
73Annuity In Advance — An amount of money that is regularly paid at the beginning of a term. Rent is the classic example of an annuity in advance because it is a sum of money paid at the beginning of the month to cover the 30 days to follow. An annuity in advance is… …
74Methods of payment in International trade — Popular methods of payment used in international trade include: cash with order(CWO) the buyers pay cash when he places an order. cash on delivery(COD) the buyer pays cash when the goods are delivered. documentary credit a Letter of credit (L/C)… …
75Balloon Payment — An oversized payment due at the end of a mortgage, commercial loan or other amortized loan. Because the entire loan amount is not amortized over the life of the loan, the remaining balance is due as a final repayment to the lender. Balloon… …
76make payment in advance — index prepay Burton s Legal Thesaurus. William C. Burton. 2006 …
77cash payment — index advance (allowance), collection (payment) Burton s Legal Thesaurus. William C. Burton. 2006 …
78down payment — /ˌdaυn peɪmənt/ noun a part of a total payment made in advance ● We made a down payment of $100 …
79Cash In Advance — When an importer must pay the exporter in cash before a shipment is made. The logic behind the structure of such a transaction is that if an exporter ships a product to an importer and the importer does not pay for the item, the exporter has very …
80interim payment — temporary payment, advance …
