Advance defined as furnishing value before due, as prepayment or loan, with expectation of reimbursement.

Advance denotes furnishing money, goods, or value prior to when an equivalent is due, whether as prepayment, loan, or capital to support a projected enterprise; it is characterised by supply on credit or before delivery or work, an expectation of return or reconciliation, and may be made for a specific, mutually understood purpose.

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