前受金(まえうけきん)

まえうけきん
noun
advance payment received; deposit taken in advance
businessmoneyfinance
1. advance payment received; customer deposit
Money collected from a customer before the goods are delivered or the service is performed. It counts as a liability until the work is done, because the business still owes something in return.
前受金(まえうけきん)を受(う)け取(と)った。
We received an advance payment.
工事(こうじ)の着手前(ちゃくしゅまえ)に前受金(まえうけきん)をいただいています。
We receive an advance payment before construction begins.
The advance payment is transferred to sales at the point the goods are handed over.
If the order is cancelled, we will refund the advance payment in full.

Formed from 前(まえ) (beforehand) + 受(う)け (receiving) + 金(きん) (money). Common in construction, custom manufacturing, and subscription businesses, where payment routinely comes before delivery.

Common collocations

Similar words