Cash Advance (Noun)
Meaning
An amount paid before it is earned.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The loan was structured as a cash advance that would be repaid when the business started earning revenue.
- She took a cash advance from her credit card to pay for an unexpected car repair.
- The employee asked for a cash advance on their paycheck to cover upcoming expenses.
- Many companies offer cash advances to their employees in times of financial hardship.
- Some lenders offer cash advances with high interest rates to borrowers who need immediate access to funds.