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August 31, 2024 3 min read Definitions
Prepaid: Payments Made in Advance
Finance Economics Payment Advance Goods Services Accounting
Prepaid describes payments made in advance often before receiving the goods or services, essential in fields like finance, insurance, real estate, and everyday transactions.
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August 25, 2024 3 min read Definitions
Retainer: Payment in Advance for Services
Finance Law Payment Services Advance Attorneys Consultants
A detailed examination of the concept of a retainer, a type of payment made in advance to secure the services of professionals such as attorneys and consultants. This entry explores its legal implications, variations, historical background, and practical applications.
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