advance payment
nounUK /ədˈvɑːns ˈpeɪmənt/
US /ədˈvæns ˈpeɪmənt/
Money you pay before you get the thing you are buying.
The family made an advance payment to book the holiday house.
RELATED WORDS
OTHER MEANINGS
2. A sum paid ahead of the usual time, such as wages given before payday.
She asked her boss for an advance payment to cover the repair bill.
3. Money sent to a supplier before goods are delivered.
The company sent an advance payment so the factory could start production.
4. A first part of a total price that shows you promise to buy.
They paid an advance payment of fifty pounds to hold the car.