OTC Link LLC. OTC Link LLC (OTC Link) is owned by OTC Markets Group Inc., formerly known as Pink OTC Markets Inc. OTC Link is an electronic inter-dealer quotation system that displays quotes from broker-dealers for many over-the-counter (OTC) securities.
cash advance fee. The charge imposed by a credit card company when a card holder takes out a loan of liquid funds against their credit limit. A credit card business might compute a cash advance fee as a flat charge against the card's account, or as a percentage of the amount borrowed, which can range from between two and four percent.
From Wikipedia, the free encyclopedia. An advance payment, or simply an advance, is the part of a contractually due sum that is paid or received in advance for goods or services, while the balance included in the invoice will only follow the delivery. It is called a prepaid expense in accrual accounting for the entity issuing the advance. Advanced payments are recorded as assets on the balance sheet. As these assets are used they are expended and recorded on the income statement for the period in which they are incurred.