cash advance

(redirected from Payday loan)
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ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.cash advance - an amount paid before it is earnedcash advance - an amount paid before it is earned  
amount, amount of money, sum, sum of money - a quantity of money; "he borrowed a large sum"; "the amount he had in cash was insufficient"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
More efficiency means quicker leads to the retrieval of a quick payday loan.
Despite research which shows that payday loans are often a measure of last resort for struggling households, the UK imposes no legal limit on the interest rates payday loan companies can charge, which can range between a "typical APR" of 1,355 per cent and can go as high as 4,000 per cent.
Wishaw and Motherwell residents are caught in the clutches of payday loan "vultures".
But Motherwell now has a far less desirable title as the country's payday loan capital.
DIAMOND Bank Plc has introduced PayDay Loan to ease the financial burden of its customers as part of the benefits from its merger with Access Bank Plc.
"It is thought that the nature of the payday loan market creates a vicious cycle where borrowers' financial limitations make it incredibly difficult to repay the loans on time, at which point they are slammed by outlandishly high APRs.
People who patronize the payday loan market are non-savers who spend what they earn.
(26) If a borrower is unable to repay a payday loan when it is due, he may pay an additional fee to "roll-over" the loan to extend the due date.
MANY people are still struggling with problem payday loan debts despite a clampdown on irresponsible lending in the sector, a charity has warned.