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TeachMeFinance.com advance -- In corporate personnel matters, advance is cash made available by a company to a staff member before it is actually earned or expenses are incurred. Examples are advances made for medical purpose, purchase of a consumer durable and travel. In transactions of securities, it refers to upward movement in the price of assets such as commodities, stocks and bonds . In trade, it is payment for goods and services that are not yet in the hands of the buyer. another definition... advance -- a loan made by a Federal Home Loan Bank to a member financial institution. historic definition... Advance -- A sum paid by a party to a contract on account of and before completion of the same; money paid before it is legally due, as money paid against a consignment of goods received but not yet sold. Advance as used in speculation in stocks , grain, cotton, coffee, etc., means an upward movement in prices. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.