prepayment of goods
21respondentia — re·spon·den·tia /ˌrē ˌspän den chē ə/ n [New Latin, from Latin respondent respondens, present participle of respondere to answer, correspond; from the fact that the loan is only a personal obligation on the part of the borrower who must “answer”… …
22majority — ▪ I. majority ma‧jor‧i‧ty 1 [məˈdʒɒrti ǁ məˈdʒɔː , məˈdʒɑː ] noun majorities PLURALFORM 1. [singular] most of the people or things in a particular group: • Some franchisees quit, but the majority are still hanging on. majority of …
23advance — 1. A prepayment toward the purchase of goods or services, or toward the costs of expenses like *salaries. The *accruals basis of accounting requires the matching of advances to appropriate accounting periods through the mechanisms of *prepaid… …
