Whats cash advance?

Personal Finance on September 5th, 2010 2 Comments
Yahoo asked:

Whats cash advance and please give example of it, does it only relate to overseas?

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2 Responses to “Whats cash advance?”

  1. Rainy says:

    it is where you are loaned moneys that you will eventually earn normally charged a hefty interest rate or in the event of a contract a cash advance could be moneys for work being done on a contract be paid prior to work completion these is paid by the employer

  2. Stag S says:

    It just means a loan of cash. For example, when I loan you cash in the form of one $50 note on the understanding that you pay me back later in cash or in some other agreed way (with or without interest) that is a cash advance. It *can* be an overseas cash advance but it does not have to have anything to do with any other country.