Overdraft Facility
Noun
US
/ˈəʊvədrɑːft fəˈsɪlɪti/
UK
/ˈəʊvədrɑːft fəˈsɪlɪti/
US
/ˈəʊvədrɑːft fəˈsɪlɪti/
UK
/ˈəʊvədrɑːft fəˈsɪlɪti/
A credit facility allowing withdrawal beyond account balance up to a set limit.
Overdraft Facility plays a key role in banking operations and personal borrowing decisions.
Also known as: OD Facility. Closely related to Current Account, Credit Limit.
Loading video for “Overdraft Facility”…
Overdraft Facility - key concept in Banking & Interest.
Business liquidity; Cash flow; Short-term borrowing
Applied in Banking & Interest contexts: Business liquidity; Cash flow