advance purchase
nounUK /ədˈvɑːns ˈpɜːtʃɪs/
US /ədˈvæns ˈpɜːrtʃəs/
Buying something early, before you actually need it.
We made an advance purchase of our train tickets to get a cheaper price.
RELATED WORDS
OTHER MEANINGS
2. A payment made before goods are received.
The supplier asked for an advance purchase before shipping the materials.
3. A ticket or item bought well ahead of the date it is used.
Her advance purchase saved her almost half the fare.
4. A business arrangement where money is paid ahead for future delivery.
The contract covered an advance purchase of raw materials for the factory.