Often the interest charged on these loans is a fixed number of percentage points above the prime rate. Additionally, there is seldom a grace period in which no interest is charged. These two factors make cash advances more expensive than many other types of debt financing.
Investment dictionary. Academic. 2012.
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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… … Financial and business terms
cash advance — cash ad.vance n money that you get from a bank, using a ↑credit card ▪ It seems so easy to get a $100 cash advance every few days at a local ATM machine … Dictionary of contemporary English
cash advance — noun an amount paid before it is earned • Syn: ↑advance • Derivationally related forms: ↑advance (for: ↑advance) • Hypernyms: ↑sum, ↑sum of money, ↑ … Useful english dictionary
cash advance — /kæʃ əd vɑ:ns/ noun a loan in cash against a future payment … Marketing dictionary in english
cash advance — /kæʃ əd vɑ:ns/ noun a loan in cash against a future payment … Dictionary of banking and finance
cash advance — Fin a loan on a credit card account … The ultimate business dictionary
Merchant cash advance — A Merchant Cash Advance is a lump sum payment to a business in exchange for an agreed upon percentage of future credit card and/or debit card sales. Merchant Cash Advance companies provide funds to businesses in exchange for a percentage of… … Wikipedia
advance fee — ➔ fee * * * advance fee UK US noun [C] FINANCE ► money that you pay to a person or company before receiving something such as a loan or investment: »Some ATMs charge you a cash advance fee of $3 when you take money out of the machine … Financial and business terms
advance — Increase in the market price of stocks, bonds, commodities ( commodity), or other assets. Bloomberg Financial Dictionary * * * ▪ I. advance ad‧vance 1 [ədˈvɑːns ǁ ədˈvæns] adjective [only before a noun] … Financial and business terms
advance — /əd vɑ:ns/ noun 1. money paid as a loan or as a part of a payment to be made later ● to receive an advance from the bank ● to make an advance of £100 to someone ● to pay someone an advance against a security ● She asked if she could have a cash… … Marketing dictionary in english