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What is an 'Advance Payment'. An advance payment is a type of payment that is made ahead of its normal schedule, such as paying for a good or service before you actually receive the good or service.
From the Latin procedere, meaning âgo forward, advance,â proceed is a verb that simply means to keep going, particularly after thereâs been an interruption. Synonyms include progress and advance. People who constantly interrupt make it really difficult for the conversation to proceed smoothly.