Cash Advance

Business, Legal & Accounting Glossary

Definition: Cash Advance


Cash Advance


Full 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 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.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/cash-advance/
Modern Language Association (MLA):
Cash Advance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/cash-advance/.
Chicago Manual of Style (CMS):
Cash Advance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/cash-advance/ (accessed: March 28, 2024).
American Psychological Association (APA):
Cash Advance. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/cash-advance/

Definition Sources


Definitions for Cash Advance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.