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Cash Advance

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Cash Advance
A loan taken out against a line of credit or credit card, typically imposing higher-than-normal interest charges.

Notes:
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.


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Harry is a little short on cash and negotiates a deal in which the furniture store gives him a 20% discount as a cash advance instead of a 25% discount.
Westpac Pacific Food: advance trade discounts are not income by Auclair, David / The Tax Adviser
The Ninth Circuit Court of Appeals recently analyzed when a taxpayer must report a cash advance volume discount as income.
Income recognition by Schnee, Edward J. / Journal of Accountancy
For every cash advance to a plaintiff, the company charges about 3 percent a month.
VALLEY FIRM CASHING IN ON PLAINTIFFS' NEED FOR FUNDS by Daily News (Los Angeles, CA)
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