Advance
Type: noun
Pronunciation: /ad-vans/
Plural: Advances
Related: Recoupable Advance
What does Advance mean? Money paid to an artist, songwriter, producer, or other rights holder before the recording or release of a song or recorded work.
An advance is a record deal is money paid by a publisher, record label, etc. to an artist or songwriter before the recording or release of a song or recorded work.
Example sentence: “When she signed, her advance was $800k.”
Related Terms
PRE-ORDER RECORDING BUSINESS DICTIONARY