Termajargon: Policy Terms Defined

Advance payment

An advance payment is a partial payment of the total purchase price that helps the business for the actual expenses during the performance of a service or the provision of goods. For example, an advance payment would occur when a house painter asks for a payment of $500.00 to purchase paint and where the remainder of the purchase price is paid upon the completion of the job.

"I recommend Termageddon to my Customers and legal colleagues, because they are the only Terms of Use, Privacy, and Cookie Consent generator I know that not only maintains up-to-date EU & UK GDPR, Canada, Australia (international) policies, but U.S., state specific changes which are numerous and changing on almost a daily basis."

Rian Kinney

Esq. CIPP/E and CIPM

Privacy Policy Generator user
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