"like" aka "similar to", aka "shares some features"
An advance is "like" a loan because in both cases, the money is expected to be paid back by the person or group of people who receives it. There's lots of differences. Repayment terms. Exit clauses. Interest rates etc. But seems pedentic to say that the advances offered to musicians are not like loans they take so that they may have a claim on the future revenues of the sales produced by their work.
Well yes, but flippantly describing the arrangement as "rich dudes convincing poor dudes to take out a huge loan" makes it sound far more exploitative than it actually is.
An advance is "like" a loan because in both cases, the money is expected to be paid back by the person or group of people who receives it. There's lots of differences. Repayment terms. Exit clauses. Interest rates etc. But seems pedentic to say that the advances offered to musicians are not like loans they take so that they may have a claim on the future revenues of the sales produced by their work.