cash advance Definition

cash advance

Definition

A loan taken out on a line of credit or a credit card. In general, cash advances do not have an initial grace period during which interest charges do not apply, and so the borrower will usually incur financing charges from the first day of the cash advance until the day that it is repaid.

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cash advance is ...
... part of the Lending & Credit subject.

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cash advance appears in the definitions of these other terms on BusinessDictionary.com

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