cash advance
noun[C]
BANKING,FINANCEukusanamountofmoneythat someoneborrowsand on which theystarttopayinterestassoonas theyreceiveit. Therateofinterestfor thistypeofloanis usuallyhigherthan for othertypesofloan:
We canprovideshorttermloansandcashadvancesuntilyournextpayday.
anamountofmoneythat someone gets from abankby usingtheircreditcard:
You will bechargedahandlingfeeof 2.5% forcashadvancesonyourcard.