Advance payment

Those are impressive credentials for a man who got his start as "bagman" for Prohibition s "Purple Gang." Max s job was to run advance payments for Bronfman liquor across the Canadian border and secure advance deliveries of Bronfman "rotgut" to the speakeasies that dotted Michigan s auto towns. Today, Max s headquarters, the Fisher Building, is owned by the Bronfmans. 

Service, Library of Congress, Washington 25, D.C., 20540. A copy may be secured by citing the document number and by remitting 3.75 for photoprints, or 2.00 for 35 mm. microfilm. Advance payment is required. Make checks or money orders payable to Chief, Photoduplication Service, Library of Congress. 

Thank you for your May 5 order for twenty of my hand-designed covers for computer monitors and for your advance payment check of 250. I am delighted that your company wishes to stock my painted canvas dust covers in both your Little Rock and Fayetteville stores. 

The third important factor is cost. Equally important are the business terms. The sponsor must ensure that the CRO s price and terms of agreement are acceptable. Sponsors are skeptical of low bids because they may result from the CRO underestimating the resources required to complete the project. High bids, however, may indicate that the CRO overvalues its services. Demands for large advance payment and imposition of severe penalties for cancellation should not be accepted. 

It is good to report that Novo-Nordisk of Denmark has signed a research agreement with a Hyderabad-based Dr. Reddy s Research Foundation and obtained an exclusive world wide license with advance payment to develop and market pharmaceuticals for treatment of obesity and dyslipidaemia based on compounds discovered and patented by the Foundation [74]. Astra Research Laboratory, Bangalore, established by a similar Foundation, has been seeking new knowledge base in the area of molecular drugs. This laboratory is endowed with state-of-the-art infrastructural facilities and several Indian scientists have shifted their place of work from USA and Europe to Astra. 

Advance payment requested by vendor for commencing fabrication if order will be placed with him. This is generally done for purchasing steel items, bought out components, ete. Big reputed parties, however, ate resourceful and do not ask for such advance payment. Purchaser shall look into the credentials of the vendor Credit may be offered by vendor— this should be explored, if possible, as it can ease the cash flow required by the purchaser Taxes and levies applicable Packing and forwarding charges... 

The transfer of assets shall include an eventual audited cash surplus, if any, which will be reflected in the final audited financial statements of the Commission. The transfer of assets shall not include Capital Advance payments made by Member States to the Commission, since these funds shall be reimbursed to Member States in accordance with Commission Financial Regulation 6.2, taking into account Financial Regulation 6.3. After the final audit of the Commission s account is completed, any cash surplus shall be reimbursed to the Member States of the Commission in accordance with Commission Financial Regulation 6.1(b), unless a Member State decides to temporarily credit this amount to the OPCW until it becomes a State Party. Cash surpluses of those Member States which are also States Parties of the OPCW shall be treated in accordance with OPCW Financial Regulation 6.3(c). 

Intending producers who complete a form ef cnntiuctwith the Board to supply turf to the station will be considered for advance payments to be made as follows ... 

No mention whatever was made in the withholding orders of any company other than the Erie Basin Metal company. Mr. Royall, after he had become Under Secretary of War, said he had never even heard of the Batavia Metals company until May 1946 when he was informed of the following developments. On 13 September 1945 the Settlement Advisory Board of the Chemical Warfare Procurement District, acting on what they considered reliable data, made a partial payment to the Batavia Metal Products company of 3,846,700 of which amount 3,231,649.60 went to liquidate the outstanding balance of the government s advance payment account and the remainder was paid to the contractor. Subsequently, an audit of this company s account disclosed some rather unusual accounting... 

Public drug procurement payments can be made in at least in three ways advance payment, cash on delivery or credit terms. Each of these payment modes affects the manufacturers cash flows, cost of finance and eventually the cost of manufacturing pharmaceuticals. The payment terms can be a source of finance for the firm to use in the production process, or they can cause the producer to seek external expensive finance whilst awaiting payment for goods produced and delivered for periods ranging up to six months. 

Advance payment provides direct business funding, as payment is made in advance of goods and services delivery. Advance payment reduces the need for manufacturing firms to borrow expensive bank finance when it does not have sufficient cash holdings. With advance payment, the firm uses these funds to purchase raw material, fund the production process and pay labour. While advance payment, in accounting terms, becomes a short-term liability on the balance sheet of the firm, nevertheless the funds obtained for the pharmaceutical products to be supplied constitute an asset (cash holding) that the firm uses for production and logistics. 

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