Type: noun
Pronunciation: /rih-koop-uh-bul-ad-vans/
Also spelled or known as: Recoverable Advance
Plural: Recoupable Advances
Related: Advance, Recoupment
What does Recoupable Advance mean? An upfront sum of money paid to an artist, songwriter, producer, or rightsholder by a record label, distributor, or music publisher against their future earnings.
A payment made to an artist, songwriter, producer, or other rights holder that must be repaid through future royalties or other earnings before additional royalty payments are made.
Recoupable advances are common in recording, publishing, production, and licensing agreements.
Recoupable Advance synonyms: Advance, Recoverable Advance, Recoupable Payment, Advance Against Royalties
Example sentence: “The recording contract included a $75,000 recoupable advance.”
PRE-ORDER RECORDING BUSINESS DICTIONARY