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ADVANCED PAYMENTS - zaliczka

The Word of the Week:

ADVANCED PAYMENTS (noun)

/ədˈvɑːnstˈpeɪmənts/

Definition:

The first payment you make when you are buying something and are going to pay the rest later.

Example:

They will also receive an advance payment of 30 percent of their fee for projected job matching over several months.

Polish Translation:

zaliczka

Did you know?

The difference between advanced payment and earnest money is that earnest money doesn't have to be returned when a transaction doesn't happen.

Check your memory:

The ____________ generated from that charcoal is 260 million dollars.

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