cash advance


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.

Use cash advance in a sentence

When my friend and I decided to start up a new record label, we got the money to do so by getting a cash advance from my credit card.

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Fred knew taking out a cash advance on his credit card was a dumb move, but it was cheaper than a payday loan and he needed the money.

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Since I was robbed and far from home, I considered my options and got stuck with a cash advance which began incurring dept immediately.

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