UP-FRONT PAYMENT Definition

UP-FRONT PAYMENT is anything of value, usually money, delivered at the time a contract is signed, e.g. down payment, licensing fees, or closing costs.

Learn new Accounting Terms

NET PROFIT is the companys total earnings, reflecting revenues adjusted for costs of doing business, depreciation, interest, taxes and other expenses. Same as Net Income.

GARNISH is to take a debtors wages under a legal order, e.g. for child support or an IRS tax liability.

Suggest a Term