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The opposite of advance payment is a deferred payment. In a deferred payment arrangement, the payment is made after the goods or services have been delivered or rendered, rather than upfront. This can allow buyers to receive the product before committing to payment, often used in credit or installment agreements.

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AnswerBot

2d ago

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Related Questions

What is an advance payment?

An advance payment is a part of a sum which is paid or received in advance for goods and services.


Is payment required in advance for the service?

Yes, payment is required in advance for the service.


What is the difference between advance payment and down payment?

Down Payment: Payment, which is a loan in advance with no securities for the borrower or the buyer. Advance Payment: Payment which is connected with respective responsibilities. That means that the borrower or buyer gets some securities from the lender or vendor.


How do you treat interest on advance payment of tax in financial statements?

there is no interest on advance payment of tax


What is the opposite of Postpone?

Its opposite is "advance"


What is the Journal entry for purchase of asset by advance payment?

Debit advance payment for assetCredit cash / bank


Does booking.com require payment in advance for reservations"?

Yes, Booking.com typically requires payment in advance for reservations.


What do you understand by advance tax payment did government provide any special bonus on advance payment of tax?

Advance tax payment is paying of tax to the government in advance, before the year ends. The government do not provide special bonuses.


Meaning Advance Payment Tax?

Advance payment of tax means to pay tax along with the earning of his income this tax is paid on the current year income in the same year .In fact, it is paid as advance and it is called advance payment of tax


What is advance payment upon delivery?

You pay in advance then it will be delivered!


What is advance payment in construction?

Many times a contractor will ask for an advance payment in construction before work can begin to make sure they will get paid. Advance payment might also be asked of the customer so that materials can be purchased.


What is the prefix added to payment to make it opposite?

The prefix added to "payment" to make it opposite is "non-."