cash advance

cash advance
cash advance UK US noun [C] BANKING, FINANCE
an amount of money that someone borrows and on which they start to pay interest as soon as they receive it. The rate of interest for this type of loan is usually higher than for other types of loan: »

We can provide short term loans and cash advances until your next payday.

an amount of money that someone gets from a bank by using their credit card: »

You will be charged a handling fee of 2.5% for cash advances on your card.


Financial and business terms. 2012.

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Look at other dictionaries:

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