A cash advance is a loan that allows you to withdraw money before you have earned it. This type of financing is often used by individuals who need immediate access to funds for unexpected expenses or emergencies, such as medical bills, car repairs, or other unplanned costs.
Cash advances are typically offered through credit cards, which allow cardholders to borrow against their available credit limit up to a certain amount. The interest rates and fees associated with cash advances can be higher than those for regular purchases, so it's important to carefully consider the terms of the loan before accepting it.
In summary, a cash advance is a type of short-term financing that allows individuals to access funds before they have earned them, often through credit cards or other sources.