salary advance

Paycheck before payday

A salary advance is money paid to an employee before their regular payday, drawn against wages they haven't yet earned.

It's essentially a short-term loan from the employer, typically repaid through deductions from future paychecks: She requested a salary advance to cover emergency car repairs.

Unlike a bonus, an advance doesn't increase total compensation—it simply shifts when the employee receives it.

Related

living paycheck to paycheck · cash · emergency · rainy day · borrowing · deduction · shortfall · urgent · bills · rent · desperate · bridge · float · fronted · wages · overdraft · pinch · broke

Categories
Opposites
timing of payment

salary advanceback pay

Overdue salary owed

retroactive pay · arrears · deferred compensation · withheld wages · severance pay

direction of money flow

salary advancepayroll deduction

Sum subtracted from wages

wage garnishment · withholding · repayment · payback · clawback

source of borrowed funds

salary advancepayday loan

High-interest short-term borrowing

personal loan · bank loan

Family

salary, salaries, salaried, advance, advances, advanced, advancing, advancement, advancements

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Used worldwide · Timeless · Everyday, not technical · Rated G