FT MarketWatch

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.

Related Terms: 18 Advance, Borrow, Cash, Charge, Credit card, Car, Cash advance, Credit, Financing, FIN, Grace period, Interest, Inc., Line of credit, Loan, Owe, Paid, Ring
Other Related Pages: Category: Lending_and_Credit Starting With: C
Additional Related Terms: 10-K, 30-day wash rule, Average collection period, Accrual of discount, Accrued interest, Advance refunding, Amortization of premium, At par, All or any part, At best