3 ms·
That just means it's a forgiven loan. The point is that the advance does not add to the money the author makes on top of royalties. Advances are not an addition
by munificent 7y ago
That just means it's a forgiven loan. The point is that the advance does not add to the money the author makes on top of royalties. Advances are not an additional cost to the publisher. They are an investment with some risk, but they control that risk by choosing the size of the advance.