advance payment crossword clue – All Crossword Answers

Welcome to Crosswordanswer.co.uk! If you're stuck on the "advance payment" crossword clue, you've come to the right place. We provide all possible solutions categorized by letter count, along with helpful explanations to get you moving forward with your puzzle.

Solutions for "advance payment crossword clue" by Letter Count

7 Letters

DEPOSIT: A sum of money paid as a first installment or pledge.

ADVANCE: Money paid before it is due, or as a loan.

8 Letters

RETAINER: A fee paid in advance to secure someone's services.

10 Letters

PREPAYMENT: Payment made ahead of its scheduled due date.

More About "advance payment crossword clue"

The term "advance payment" is common in various contexts, from business transactions to personal finances. In crosswords, it serves as a versatile clue because of the several synonyms it holds. Understanding the nuances of each potential answer can be crucial. For instance, a 'DEPOSIT' is often a partial payment made to secure something, like a reservation or a large purchase, and might be refundable. An 'ADVANCE' can be a pre-payment for work yet to be done, or a loan against future earnings.

Similarly, a 'RETAINER' specifically refers to a fee paid to professionals like lawyers or consultants to secure their ongoing services, whether immediately or in the future. 'PREPAYMENT' is a broader term encompassing any payment made before it is contractually due. The key to cracking this clue lies in the specific number of letters required by the grid and how it intersects with other known words.

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Frequently Asked Questions

What is an advance payment in simple terms?

An advance payment is money paid upfront before goods or services are delivered or before a debt is due. It's essentially a payment made ahead of schedule, often to secure a purchase or service.

Are advance payments always refundable?

Not necessarily. The refundability of an advance payment depends heavily on the terms and conditions agreed upon by the parties involved. Some advance payments, like deposits, might be fully refundable under certain conditions, while others, like retainers, may be non-refundable once services commence.

How can 'advance payment' be a tricky crossword clue?

This clue can be tricky because 'advance payment' has several synonyms that fit different letter counts, such as 'DEPOSIT', 'ADVANCE', 'RETAINER', and 'PREPAYMENT'. Solvers need to consider the number of letters required and the context of other intersecting words in the puzzle.