Advance

In this context, the payment a songwriter receives when signing a contract with a publishing company. Advances are typically recoupable, which means that the publishing company collects and keeps the songwriter’s royalty income until the amount of the advance has been repaid.

Related Terms:

• Co-Publishing Agreement
• Performance Royalties
• Work-For-Hire

Related Article:

• The Truth About Advances

Related Resources:

• Publishing Checklist