definition of cash advance fee
A service provided by many credit card issuers allowing cardholders to withdraw a certain amount of cash, either through an ATM or directly from a bank or other financial agency. Cash advances typically carry a high interest rate - even higher than credit card itself - and the interest begins to accrue immediately.
definition of cash advance
Definition of cash advance rate: The interest rate applied to amounts borrowed against a credit line via a cash withdrawal or cash advance check. This...
economic definition of cash advance
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cash advance rate definition
Learn why a merchant cash advance might be your best option if you need cash fast.
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A cash advance is one of the types of transactions you can make on your credit. You can get cash in your hand, but the cost may not be worth it.
When an importer must pay the exporter in cash before a shipment is made. The logic behind the structure of such a transaction is that if an exporter ships a product to an importer and the importer does not pay for the item, the exporter has very little recourse.
Definition of 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...