answersLogoWhite

0

Advances may be either specific or general, and recoupable or non-recoupable. A specific advance is a recoupable advance that is recouped from a specific future income source, e.g., from a single musical composition. A general advance is a recoupable advance that is paid back from a general income source, e.g., from an entire music catalog. Specific and general advances may be either fully recoupable, partially recoupable, or non-recoupable. The amount of recouping may depend on theroyalty return. If the royalty return is less than the advance or zero, full recoupment is not usually required. Advances specified as gifts are non-recoupable and no pay back is ever required.

User Avatar

Wiki User

15y ago

What else can I help you with?