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SourceLaw Dictionary Browse Letter A

Advance

Legal definition for Indian law research

Definition

Advance [fr. avancer, Fr., to push forwards, fr. avant, Fr., avante, It., ab ante, Lat.], money paid before it is due 'a loan; increase.

Advance means an advance, whether in cash or in kind, or party in cash or partly in kind, made by one person (hereinafter referred to as the creditor) to another person (hereinafter referred to as the debtor). [Bonded Labour System (Abolition) Act, 1976, (19 of 1976), s. 2(a)]

Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.

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