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Business Dictionary :
Advance and Advantage
Advance and Advantage
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Advance : noun :
(a) money paid as a loan or as a part of a payment to be made later
• Bank advance
• A cash advance
• To receive an advance from the bank
• An advance on account
• To make an advance of $100 to someone
• To pay someone an advance against a security
• Can I have an advance of $50 against next month's salary?
(b) in advance = early or before something happens
• To pay in advance
• Freight payable in advance
• Price fixed in advance
(c) early :
• Advance booking
• Advance payment
• You must give seven days' advance notice of withdrawals from the account.
(d) increase :
• Advance in trade
• Advance in prices
Advance : verb :
(a) to lend:
• The bank advanced him £ 10,000 against the security of his house.
(b) to increase
• Prices generally advanced on the stock market
(c) to make something happen earlier
• The date of the AGM has been advanced to May 10th.
• The meeting with the German distributors has been advanced from 11.00 to 09.30 am.
Advantage : noun : something useful which may help you to be successful
• Fast typing is an advantage in a secretary.
• Knowledge of two foreign languages is an advantage.
• There is no advantage in arriving at the exhibition before it opens.
• To take advantage of something = to use something which helps you
