voorskot, noun

/ˈfʊə(r)skɔt/
Plurals:
voorskotte /ˈfʊə(r)skɔtə/.
Origin:
AfrikaansShow more Afrikaans, from voorskiet to lend, to advance (money).
An advance payment made to a farmer for a crop, wool-clip, etc., calculated at a predetermined fixed price per kilogram. Also attributive, and transferred sense. See also agterskot, middelskot.
1948 Cape Times 22 Nov. 14The Land Bank had fixed the voorskot price for first grade lucerne at 3s. for 100 lb.
1957 Handbk for Farmers (Dept of Agric.) I. 215The Board employs agents, specially appointed for the purpose, to purchase kaffir corn from producers on its behalf at fixed ‘voorskot’ prices.
1961 Cape Times 15 Feb. 9A figure of R50m. is being mentioned as a voorskot for Bantu homelands.
1970 S.S. Brand in Std Encycl. of Sn Afr. I. 223The product may again be sold only to the control board, but the price producers are paid, usually in the form of an advance (voorskot), and a final payment (agterskot) depends on the average price realised by the control board for all sales from the pool into which individual producers deliver their produce.
1972 E. Prov. Herald 9 Mar. 19A one-channel marketing system with the board the sole marketing authority is a certainty. So is a ‘voorskot-agterskot’ payment system to farmers for their clips.
1976 Daily Dispatch 21 Aug. 9Fixing the voorskot as closely as possible to the expected realisation price is an extremely difficult and responsible task.
1977 Farmer’s Weekly 23 Nov. 119The season’s buckwheat crop has now been disposed of for export,..and farmers have now received middle and agterskots which when added to the voorskot have shown them an excellent return.
1984 Grocott’s Mail 17 Apr. 23Voorskotte will be paid on winter deliveries.
1989 E. Prov. Herald 4 Mar. 1Wool producers are to get an increased advance payment (voorskot) for the second time this season. The average voorskot price on merino wool will be increased 15%.
An advance payment made to a farmer for a crop, wool-clip, etc., calculated at a predetermined fixed price per kilogram. Also attributive, and transferred sense.
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Afrikaans
vooros, nounn.voorslag, nounn.
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