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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Cash Advance  

Definition 1.

A loan taken out against a line of credit or credit card.
 

Definition 2.

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.
 
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