Prefinancing is an arrangement in which a buyer finances the activities of a supplier by making an advance payment against delivery. Often used in fair trade policies, it supports suppliers in developing regions by providing upfront payments.
A comprehensive overview of prepaid delivery, detailing its definitions, types, benefits, examples, and special considerations in various industries.
Prepaid income refers to rents, interest, or compensation received in advance for services to be performed in the future, and is generally included in taxable income in the year received.
Detailed explanation of what advance payment is, how it operates within various sectors, and illustrative examples to enhance understanding.
