An increase in the exchange rate for a currency pair or price of a security; opposite of decline

Refers to the amount available when a borrower draws against a line of credit, such as a credit card bank instrument.

In International finance, an advance refers to the payment of funds in order to finance service of an existing loan. The classic example here is with Bridge Loans, where borrowers temporarily take an additional loan in order to extend financing, until more permanent financing becomes available.

Related Words

* Decline
* Bridge financing
* Line of credit