- advance
- Increase in the market price of stocks, bonds, commodities ( commodity), or other assets. Bloomberg Financial Dictionary
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▪ I. advance ad‧vance 1 [ədˈvɑːns ǁ ədˈvæns] adjective [only before a noun]done before an event happens:• A small fee is charged for this service and advance notice of at least two weeks is required.
• A fair-minded employer will usually give employees plenty of advance warning of possible redundancies.
[m0] ▪ II. advance advance 2 noun [countable]1. an amount of money paid to someone before the usual time, or before a piece of work has been completed:advance of• We could offer you an advance of £1,000 and the rest on satisfactory completion of the book.
advance on• He had received an advance on his wages.
ˈbank adˌvance BANKINGmoney lent by a bank to a customer:• The primary source of finance has been bank advances.
2. an increase in the amount, level, or price of something:• UK stocks have risen sharply, with further advances expected.
bank advance in• Analysts forecast a 6% decline in Italian car sales and an 8% advance in French sales.
[m0] ▪ III. advance advance 3 verb1. [transitive] if you advance someone money, you lend it to them or give it to them, perhaps before they have earned it:• Patrons advanced sums of money for building an art gallery.
advance somebody something• Random House had advanced him the money to write a book.
• Gold prices advanced slightly in early trading.
• Crude oil advanced $2.88 a barrel.
advance against• The dollar advanced against the yen.
• Pre-tax profits advanced 4% to £8.4 million.
• First-quarter sales advanced 36%.
• The company advanced 19.5%, lifting net profits to 1.25 billion rupees.
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Ⅰ.advance UK US /ədˈvɑːns/ noun► [C or U] an improvement relating to a particular activity or area of knowledge: »Doctors believe that the findings represent a major advance in treating heart disease.
»The government's White Paper embodies the hopes of those who believe in the advance of the digital age.
technological/medical/economic advances »What has been the impact of technological advances on the securities markets?
advances in sth »Advances in drilling and production technologies have significantly reduced the risk of a major oil spill.
► [C] FINANCE money that is paid to a person or organization before the usual time or before a piece of work is finished: »Loans and advances usually represent the single largest asset of most banks.
»Publishers generally pay an advance once the author finishes the manuscript.
»The US singer will receive a $17.5m cash advance on signing the 10-year contract.
► [C] FINANCE, STOCK MARKET an increase in the price or value of something such as a share or a currency: »Declining stocks easily defeated advances 413 to 302.
advance in sth »Every one yen advance in the Japanese currency's value against the dollar could reduce current profits by as much as five billion yen.
Ⅱ.advance UK US /ədˈvɑːns/ verb► [I or T] to develop and become successful, or to make something do this: »Biotechnology continues to advance at a rapid pace.
advance to sth »She eventually advanced to vice-chairman of the bank.
advance your career/interests/position »Some employees decide to study for an MBA in order to advance their careers.
► [I] FINANCE, STOCK MARKET to increase in value: »On the New York Stock Exchange 1,128 issues advanced and 1,057 declined .
advance 5.5 cents/8p/10.9 points, etc. »The general stock index advanced 1.94 points, or 0.04%, to 5291.45.
advance against sth »The dollar advanced against the Japanese yen.
► [I] to increase in number, amount, or value: »Overall, consumer prices are advancing at a modest rate.
»Pre-tax profits advanced 10% to €252m.
► to suggest a new idea or plan to a group of people: »Measures advanced by the General Assembly included reducing vehicle carbon-dioxide emissions.
advance a plan/proposal/theory »Several proposals for reform were advanced by members of Congress.
► [T] FINANCE to give someone money before the usual time or before a piece of work is finished: advance sb sth »Two weeks ago I hired him, and advanced him $10,000.
advance sth to sb »Evidence shows that lenders are becoming more discriminating in advancing loans to borrowers.
► [T] to change the date or time of an event to an earlier one: »No plans were made to advance the board meeting.
Ⅲ.advance UK US /ədˈvɑːns/ adjective [before noun]► done or made before something else happens: »Critics argue that advance planning would have little impact on final policy decisions.
advance knowledge/information »Having advance information can be a powerful tool to negotiating a rate on a loan.
advance bookings/sales/subscriptions »Advance sales are down by about 3%.
advance notice/warning »Federal laws require companies to provide advance notice when laying off workers.
»Russell has been offered an advance payment of $450,000 for her next novel.
Financial and business terms. 2012.
