Refund Anticipation Loan

Business, Legal & Accounting Glossary

Definition: Refund Anticipation Loan


Refund Anticipation Loan

Quick Summary of Refund Anticipation Loan


A loan that is guaranteed by a taxpayer’s expected tax return. It is short-term in nature and it helps individuals, especially low-income earners, to access cash in time instead of having to wait a long time for their tax refund. This type of loan has a higher interest rate than more common types.




Synonyms For Refund Anticipation Loan


RAL


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https://payrollheaven.com/define/refund-anticipation-loan/
Modern Language Association (MLA):
Refund Anticipation Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 01, 2022 https://payrollheaven.com/define/refund-anticipation-loan/.
Chicago Manual of Style (CMS):
Refund Anticipation Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/refund-anticipation-loan/ (accessed: December 01, 2022).
American Psychological Association (APA):
Refund Anticipation Loan. PayrollHeaven.com. Retrieved December 01, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/refund-anticipation-loan/

Definition Sources


Definitions for Refund Anticipation Loan 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.