cash advance
Noun
Meaning
an amount paid before it is earned
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Examples
Chase is not charging its credit card holders the cash advance fee for peer-to-peer payments, a spokesman said.
Also remember that this is just a collection of data points and by no means means that your transaction will not be coded as a cash advance.
Depending on the terms of your cardholder agreement, you may be able to borrow some or all of the total amount available on your card as a cash advance.
If you're in a bind, it might be worthwhile to take a cash advance.
Instead of making one fixed payment every month from a bank account over a set repayment period, with a merchant cash advance you make daily or weekly payments, plus fees, until the advance is paid in full.
If they see you have taken one cash advance, generally speaking it’s unlikely to affect you too much in terms of applying for a mortgage.