voorskotn.
/ˈvʊəskɒt/, /ˈfʊəskɒt/, U.S. /ˈvʊ(ə)rˌskɑt/, /ˈfʊ(ə)rˌskɑt/, South African English /ˈfʊəskɒt/ South African.
The advance payment for a crop, wool clip, etc., by a farmers' co-operative society or similar body to its members. Also transferred. Cf. agterskot n.
ΘΚΠ
society > trade and finance > payment > [noun] > advance payment > specific
voorskot1948
1948 Cape Times 22 Nov. 14 The Land Bank had fixed the voorskot price for first grade lucerne at 3s. for 100 lb.
1958 Cape Times 6 Nov. 1/1 Importers of raw materials and machinery would..receive 33⅓ per cent. of 1958 issues as voorskot.
1961 Cape Times 15 Feb. 9/7 A figure of R50m. is being mentioned as a voorskot for Bantu homelands.
1974 Eastern Province Herald (Port Elizabeth) 9 Sept. The Voorskot for the 1974/75 wool season has been fixed at an average of R1.50 a kilogram for clean wool.
This entry has not yet been fully updated (first published 1986; most recently modified version published online December 2021).
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n.1948