What is the definition for advances?

What is the definition for advances?

1 : to move forward : proceed an advancing army. 2 : to make progress : increase advance in age. 3 : to rise in rank, position, or importance advance through the ranks.

What does advance mean in finance?

Advance is a kind of credit facility provided by banks or financial institutes for covering daily fund requirements or as working capital. When a business needs money to cover their daily expenses such as salary, wages, or purchasing raw materials, they can think over this kind of credit facility from the banks.

What does it mean to advance a cause?

6 verb If you advance a cause, interest, or claim, you support it and help to make it successful.

What is the synonym of advancement?

development, progress, evolution, growth, improvement, advance, furtherance, forwarding, expansion, extension, spread. headway.

How do you record advanced employees?

The cash advance needs to be reported as a reduction in the company’s Cash account and an increase in an asset account such as Advance to Employees or Other Receivables: Advances. (If the amount is expected to be repaid within one year, this account will be reported as a current asset.)

What is the difference between loan and advances?

Loans are a source of long-term financing (typically more than a year), whereas the advances are a source of short-term financing, that is, to be repaid within less than a year. The monetary value of an advance is usually less than that compared to a loan.

What does advancing a loan mean?

What is an Advancing Term Loan? An advancing term loan is similar to other types of term loans, but with an advancing period in which the business only makes interest payments. That advancing period gives the business some extra leeway in making use of the capital provided before full payments kick in.

What does Advancement discussion mean?

1 to go or bring forward in position. 2 foll by: on to move (towards) in a threatening manner. 3 tr to present for consideration; suggest. 4 to bring or be brought to a further stage of development; improve; further. 5 tr to cause (an event) to occur earlier.

What is the opposite of advancement?

Opposite of an advance or forward movement. retreat. backdown. withdrawal. retraction.

What is the definition of advances?

The definition of advance means to move forward or to raise in importance. An example of advance is to be promoted at a job.

What is synonym for advances?

Synonyms of advance. advancement, furtherance, going, headway, march, onrush, passage, process, procession, progress, progression.

What does the word advance mean?

verb (used with object), ad·vanced, ad·vanc·ing. to move or bring forward: The general advanced his troops to the new position. to bring into consideration or notice; suggest; propose: to advance reasons for a tax cut.

What is a synonym for advance?

Synonym Discussion of advance advance, promote, forward, further mean to help (someone or something) to move ahead. promote suggests an encouraging or fostering and may denote an increase in status or rank. forward implies an impetus forcing something ahead. further suggests a removing of obstacles in the way of a desired advance.