|
|
Overdraft facility |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Overdraft facilityThis is a facility on the Bank Account which allows customers to borrow up to a pre determined limit. This limit must be agreed in advance and is subject to status.Overdraft facility Similar MatchesOverdraft checking accountOverdraft checking accountA checking account associated with a line of credit that allows a person to write checks for more that the actual balance in the account, with a finance charge on the overdraft. OverdraftOverdraftProvision of instant credit by a lending institution. OverdraftOverdraftA facility (usually at a bank or other financial institution) enabling an account holder to borrow up to an agreed amount and often for an agreed time. |
|
|
|