Inicio >  Term: payable in advance
payable in advance

Expression denoting that interest is payable at the beginning of the interest period (year, six months, etc.). Also used for any other payments made ahead of time (e.g. rents). Opposite: payable in arrears.

0 0

Creador

  • Stefan K
  •  (Gold) 3207 puntos
  • 100% positive feedback
© 2025 CSOFT International, Ltd.