Cash Advance

(redirected from Cash Advances)
Also found in: Dictionary, Thesaurus.

Cash Advance

Cash one receives from one's credit card account, especially from an ATM. A cash advance usually carries a high interest rate, in part because credit cards have high interest rates anyway, and in part because the interest on a cash advance often begins to accrue immediately.
References in periodicals archive ?
Because they're always rushing us, we use cash advances to pay them,' the Ilocos Norte governor said.
Cast Capital offers business cash advances, both secured and unsecured, as well as lines of credit, long term business loans and a variety of factoring products.
Offering cash advances without requiring personal guarantees, liens or collateral is one of the greatest features of this service, because it offers wide and convenient access to small business owners--many of whom would not be able to obtain the financing otherwise.
The next time you put your credit card into an ATM to get a cash advance, you are also making what some economists call a "most ill-advised loan," something you would never do if you didn't allow the convenience of the ATM to keep you from seeing what this transaction does to your personal financial picture.
Instead, he thinks most plaintiffs have nothing to lose if they elect to a cash advance.
Since 2007, Swift Capital has provided over $250 million in working capital through lines of credit and merchant cash advances to over 10,000 businesses in all 50 states.
Later in the hearing, Commission on Audit (COA) commissioner Jose Fabia said the disbursement of public funds through cash advances should have raised red flags already, but this mode of disbursement should comply with the guidelines that it should be liquidated within 60 days.
Heritus can provide a constant stream of pre-verified leads that are genuinely interested in merchant cash advances.
Sterling Funding's business cash advances generally range from USD 5,000 -USD 250,000 depending on the business size and type.
The Tax Court agreed with the Service's position and held that Westpac was required to include the cash advances in income in the year of receipt.