Define: Advance Receipts
Advance Receipts means all funds received by or for [Seller] before a specified [Completion Date], intended for goods or services to be provided after said date
Advance Receipts means all funds received by or for [Seller] before a specified [Completion Date], intended for goods or services to be provided after said date.
Relevant Circumstances
- Prepayment for services or goods to be delivered in the future.
- Payment received from a client before the project completion date for the tasks that will be performed.