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LSDefine

Simple English definitions for legal terms

advance payment

Read a random definition: surrender by operation of law

A quick definition of advance payment:

An advance payment is when you pay for something before you actually get it. This can happen when you know you will owe money in the future, but you want to pay some of it now. For example, if you want to buy a toy that costs $10, but you only have $5 right now, you might make an advance payment of $5 to the store and promise to pay the other $5 later. Advance payments can also be made for things like rent or services that will be provided in the future.

A more thorough explanation:

An advance payment is a payment made in anticipation of a future liability or obligation. It is a payment made before the goods or services are delivered or before the work is completed.

  • When you book a hotel room, you may be required to make an advance payment to secure the reservation.
  • When you order a custom-made product, such as a wedding dress, you may be required to make an advance payment before the dress is made.
  • When you hire a contractor to do work on your home, you may be required to make an advance payment before the work begins.

These examples illustrate how an advance payment is made before the goods or services are delivered or before the work is completed. It is a way for the seller or service provider to ensure that they will be paid for their work or product, and it is a way for the buyer to secure the goods or services they need.

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shaquilleoatmeal
23:16
Send me a link - I get a couple mixed results when I search
shaquilleoatmeal
23:17
Nvm I found it
shaquilleoatmeal
23:20
Sounds like someone’s playing the qanun?
JumpySubsequentDolphin
23:23
perhaps
JumpySubsequentDolphin
23:23
the lyrics are chefs kiss
shaquilleoatmeal
23:29
Tell me what it translates to tomorrow, I gotta sleep, Laylah sa'eedah 😴
JumpySubsequentDolphin
23:31
tusbihun ‘ala khair
HELLO ALL
whos awake \
JumpySubsequentDolphin
23:42
hi SPLITTY!!!
HIII DOLPHYY
stanford finally sent me a status checker tomight
do yall know if "Your file has been submitted for review" just means under review
Dkk
0:08
@SplitterusClitterus: really depends on the school. Could mean they have just received it. Could be it is under review. Could mean they already have a decision for you. For Stanford, idk.
Mmm ok thank you
JumpySubsequentDolphin
1:19
my friend JUST sent me that omg
JumpySubsequentDolphin
1:19
also @renard that shows your IG handle
JumpySubsequentDolphin
1:20
I assume you don’t want to doxx yourself 😧
JumpySubsequentDolphin
1:20
if we send enough messages it will stop showing the message tho!!!!!!!!
JumpySubsequentDolphin
1:21
@renard99: come back and spam messages I only have so many left 😔
JumpySubsequentDolphin
1:23
. . .
Dkk
1:49
@renard99: you shared a post a good friend of mine had liked. Lmfao but respect +1
Dkk
1:49
I laughed at it too +1
1:50
Damn lol
1:50
Follow me brah
JumpySubsequentDolphin
2:01
I followed you
JumpySubsequentDolphin
2:01
don’t dox me ☹️
2:06
Nw I won’t dox you 😎
JumpySubsequentDolphin
2:07
don’t judge my feed either I’m bad at Instagram :/
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