Prepaid expense

Advance payment (French avance) - 1) a sum of money or other property value issued or transferred to organizations or individuals on account of future expenses and payments for material assets, performance of work, provision of services, etc. A., like a deposit, serves as evidence of the conclusion contract, but unlike a deposit, it is not a way to ensure the actual fulfillment of obligations, since if an obligation is not fulfilled, A. is subject to return. Thus, any advance payment is considered A., unless the written agreement of the parties to the contract expressly states that this payment is a deposit. part of the salary (usually 40-50% of the official salary or time-based tariff rate) paid for the first half of the month.