Meaning of "Advance payment"
This is a method of securing funds in advance by collecting a certain amount before producing or providing goods or services, thereby confirming quantities and ensuring the project proceeds.
"Art classes will issue a confirmation notice after receiving a deposit to secure spots and prepare materials."
Related slang words
AdministratorA role or the person responsible for collecting and managing funds from multiple individuals, as well as handling the practical tasks of settling accounts and allocating funds where needed during group purchases or support initiativesInflowThe phenomenon of new people joining a fandom, service, or community through a specific channel, or the new members who join in this wayPoka MarketA term referring to a platform designed specifically for buying and selling photo cards, or a marketplace or trading environment where photo card transactions are actively taking place.OffRefers to events and activities held in person rather than onlineA smart little houseThis refers to an investment and holding strategy in which, as regulations on multiple-home ownership have tightened, investors focus on a single high-priced home in a prime location rather than owning and managing multiple properties, in order to reduce risk.lower-levelRefers to areas within a city or metropolitan area that are relatively less desirable in terms of location or living environmentLive-work proximityThis refers to a location where the workplace is close to home, resulting in shorter commutes and greater convenience in daily life.School districtThis term refers to residential areas that appear to have a good educational environment because they are located near well-known tutoring districts or prestigious schools.