Term
Term · Deals
Advance
A loan against your future royalties, dressed as a check.
An advance is recoupable. You are paid now; they keep your royalties until they have their money back (often with a definition of recoupable costs that includes more than the check). It is useful if you need to live and make the record. It is not free. Ask: recoupable against what, at what royalty rate, with what costs piled on top, and what happens to unrecouped balances at term's end.
Ask Apparition about Advance
Musical context, the business around it, and what to do next.