The Collaborative International Dictionary of English v.0.48:

Advance \Ad*vance"\, v. t. [imp. & p. p. Advanced; p. pr. &
   vb. n. Advancing(#).] [OE. avancen, avauncen, F. avancer,
   fr. a supposed LL. abantiare; ab + ante (F. avant) before.
   The spelling with d was a mistake, a- being supposed to be
   fr. L. ad. See Avaunt.]
   1. To bring forward; to move towards the van or front; to
      make to go on.
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   2. To raise; to elevate. [Archaic]
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            They . . . advanced their eyelids.    --Shak.
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   3. To raise to a higher rank; to promote.
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            Ahasueres . . . advanced him, and set his seat above
            all the princes.                      --Esther iii.
                                                  1.
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   4. To accelerate the growth or progress; to further; to
      forward; to help on; to aid; to heighten; as, to advance
      the ripening of fruit; to advance one's interests.
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   5. To bring to view or notice; to offer or propose; to show;
      as, to advance an argument.
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            Some ne'er advance a judgment of their own. --Pope.
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   6. To make earlier, as an event or date; to hasten.
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   7. To furnish, as money or other value, before it becomes
      due, or in aid of an enterprise; to supply beforehand; as,
      a merchant advances money on a contract or on goods
      consigned to him.
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   8. To raise to a higher point; to enhance; to raise in rate;
      as, to advance the price of goods.
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   9. To extol; to laud. [Obs.]
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            Greatly advancing his gay chivalry.   --Spenser.
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   Syn: To raise; elevate; exalt; aggrandize; improve; heighten;
        accelerate; allege; adduce; assign.
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WordNet (r) 3.0 (2006):

advancing
    adj 1: moving forward [syn: advancing, forward, forward-
           moving]