Cash Advance

What does it Mean? A loan taken out against a line of credit or credit card, typically imposing higher-than-normal interest charges.
Investopedia Says... 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.

Terms Related Links

Cash Trigger
Credit
Credit Card
Interest
Line of Credit
Loan
Open End Credit
Revolving Credit

Terms Related Links
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