{"@context":"https://schema.org","@type":"DefinedTerm","name":"Advance","description":"An advance is a payment made by a principal before the agreed service has been performed or invoiced. In logistics practice, advances arise when capacity must be locked in, customs duties pre-financed, or storage slots secured – typically on high-risk trade lanes or with operators that do not extend open credit terms. Payment may be made in full or in tranches and is offset against the final invoice; if the service is not delivered, the amount must be refunded. In the freight context, an advance","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/advance","inLanguage":"en","dateModified":"2026-06-23T13:42:15.321810","citation":"https://www.businessdictionary.com/definition/advance.html","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/advance","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Advance · An advance is a payment made by a principal before the agreed service has been performed or invoiced. · Quelle: https://www.businessdictionary.com/definition/advance.html"}