Advance Account

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OSP: An account string established for charges on a sponsored project before the award has been formally set up (usually because the award has not been fully signed).  Advance accounts allow PIs and departments to incur, record, and track expenditures, while eliminating the need to temporarily charge other, unrelated accounts.  In the majority of cases, OSP, HMS SPA or HSPH SPA will establish an advance account upon request of a PI’s department or school.  See also “At-risk account.”