Meaning refund anticipation loan
What does refund anticipation loan mean? Here you find 2 meanings of the word refund anticipation loan. You can also add a definition of refund anticipation loan yourself
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refund anticipation loanDefinition A loan that is guaranteed by a tax payer's expected tax return. It is short term in nature and it helps individuals, especially low income earners, to access cash in time instead of ha [..]
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refund anticipation loanA Refund Anticipation Loan is money borrowed by a taxpayer that lender bases on a taxpayer's anticipated income tax refund. The IRS has no involvement in RALs. A RAL is a contract between the taxpayer and the lender. A lender may market a RAL under various commercial or financial product names.
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