What does OVERDRAFT CREDIT mean?
Definitions for OVERDRAFT CREDIT
over·draft cred·it
This dictionary definitions page includes all the possible meanings, example usage and translations of the word OVERDRAFT CREDIT.
Princeton's WordNet
overdraft credit, check overdraft creditnoun
credit provided by a bank in honoring a customer's overdrafts
ChatGPT
overdraft credit
Overdraft credit is a banking facility that allows an account holder to withdraw money from their account even if the balance goes below zero. It is essentially a short-term loan from the bank. The bank charges interest on the overdrafted amount and often an additional fee for providing the service. The purpose is to cover occasional shortfalls and provide flexibility, allowing transactions to go through even when there is insufficient balance in the account. The terms, conditions, and limits of this service depend on the agreement between the bank and the account holder.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of OVERDRAFT CREDIT in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of OVERDRAFT CREDIT in Pythagorean Numerology is: 6
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"OVERDRAFT CREDIT." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/OVERDRAFT+CREDIT>.
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