Cash Advance: Canada Debt .ca defines Cash Advance

Bankruptcy Term Cash Advance

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Canada Debt has the definition to the bankruptcy and debt term Cash Advance. Finding answers to terms such as Cash Advance can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Cash Advance in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Cash Advance' is used as follows:

The withdrawal of funds from your credit card, up to the credit limit allowed. The amount you withdraw may be subject to daily limits. There is no interest-free period, so interest is charged from the day you withdraw the funds.