# Cash credit (advance account, cash advance, cash credit)

- Canonical URL: https://www.gerhardmerk.de/cash-credit-advance-account-cash-advance-cash-credit
- Post ID: 593480
- Modified: 2023-07-25T21:00:42+00:00
- Language: en

## Definition

In the narrower sense, a loan granted by a bank to a customer and paid out in cash on request, sometimes also called a term loan facility. - A loan granted to private households under a fixed repayment schedule, also known as installment loan and consumer loan. Payment in cash is not a necessary condition of the term, as the name suggests in this case. Rather, the bank granting the loan can also transfer the money made available to the borrower directly to a third party, such as a creditor of the customer, under the terms of the loan agreement. - See Acquisition credit, Overdraft facility, Königsberg system, Overdraft, Submission. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1