Prefinancing

Prefinancing: An Advance Payment Arrangement
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.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.