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Cash in Advance |
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Cash in AdvanceA payment term meaning the buyer pays the seller before shipment is effected.Cash in Advance Similar MatchesAdvance refundingAdvance refundingIn the context of municipal bonds, refers to the sale of new bonds (the refunding issue) before the first call date of old bonds (the issue to be refunded). The refunding issue usually specifies a rate lower than the issue to be refunded, and the proceeds are invested, usually in government securities, until the higher-rate bonds become callable. See: Refunding escrow deposits. Advance commitmentAdvance commitmentA promise to sell an asset before the seller has lined up purchase of the asset. This seller can offset risk by purchasing a futures contract to fix the sales price approximately. Advanced countryAdvanced countryDeveloped country. Further advanceFurther advanceThe raising of capital by a borrower from his existing mortgage lender.This might happen if:the value of the borrower's property has increasedthe borrower's salary has increasedthe borrower wants to have a higher mortgageIn these circumstances, the lender will probably be happy to lend more money to the borrower provided he can afford the higher repayments. Advance FeeAdvance FeeA fee charged by a broker to a seller to cover all ora portion of the broker's costs of promoting the property. The fee is generally credited against commissions but is not refunded if no commissions are received. Most frequently used in connection with large offerings which require a substantial outlay of funds for promotion. Further SuggestionsMortgage advanceAdvance funded pension plan Advance Computerized Execution System (ACES) Advance Advance Further advance Further advance legal fee Advance deposit requirement advance corporation tax |
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