advancewithdrawal
nounUK /ədˈvɑːns wɪðˈdrɔːəl/
US /ədˈvæns wɪðˈdrɔːəl/
Money you get before you finish a job.
The builder asked for an advance withdrawal to buy materials before starting the work.
RELATED WORDS
OTHER MEANINGS
2. Taking money out of an account early, before the usual time.
She made an advance withdrawal from her savings to pay for the trip.
3. A first part of a larger payment given ahead of schedule.
The company approved an advance withdrawal for the new project.
4. Getting something before it is normally due.
The advance withdrawal of funds helped the team meet the deadline.