In the publishing industry, advance money is an early payment to the author that is then deducted from the author's royalties on book sales.

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Advance money is provided by publishers to authors as an early payment before the book is published. The amount of the advance can vary depending on the author's reputation, the subject matter, and the publisher. The advance amount will be later deducted from the author's royalties on book sales. So, this statement is true.

In the Publishing Industry, Advance Money Is an Early Payment