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TeachMeFinance.com - explain Advance royalty Advance royalty The term 'Advance royalty' as it applies to the area of energy can be defined as '  A royalty required to be paid in advance of production from a mineral property that may or may not be recoverable from future production'. Previous 5 Terms: Advance Beneficiary Notice (Abn) Advance Coverage Decision Advance deficiency payments Advance Directive (Health Care) Advance Directives Next 5 Terms: Advanced Decision Support System (ADSS) Advanced Spaceborne Thermal Emission and Reflection Radiometer (ASTER) Advanced Very High Resolution Radiometer (AVHRR) Advances from municipality Advances to municipality 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 © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.