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Thu 15 Jun, 2006 01:29 am
What is the meaning of "the cash advance" in the sentence "The cash advance rate is usually 3 percent"?
THANK YOU!
A cash advance is basically a loan.
"Cash" ie money, is loaned to someone, who then has to pay it back at a later date, adding 3 percent interest.
Subject Line and Thread Title
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Using a relevant title will greatly increase the chances of an answer.
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adding to what Lord E said, in the USA a cash advance is usually taken from a credit card account.
What is the meaning of "cash advance"? would have been a good title for this thread.
Dear Dad:
No mon, no fun.
Your son.
*************************
Dear Son:
Too bad, so sad.
Your Dad.
Brilliant, Set.
It reminds me of a postcard sent from a Mum to her son, whilst she was delayed in crossing the English Channel from Dover to France, as the hovercraft had broken down.
Dear son, bovver at Dovver with hovver, Movver.