- overdraft line
- Finan amount in excess of the balance in an account that a bank agrees to pay in honoring checks on the account
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overdraft line
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Overdraft — I warn you, Sir! The discourtesy of this bank is beyond all limits. One word more and I I withdraw my overdraft! Cartoon from Punch Magazine Vol. 152, June 27, 1917 An overdraft occurs when money is withdrawn from a bank account and the… … Wikipedia
Overdraft Protection — A line of credit that banks offer to their customers to cover their overdrafts. Overdraft protection kicks in when a customer writes a check for more than the amount in their account. Also referred to as cash reserve checking. Overdraft… … Investment dictionary
Line of credit — Finance Financial markets Bond market … Wikipedia
overdraft checking account — a bank account with a credit line permitting checks to be written for an amount above the account balance, subject to a finance charge on the overdraft. * * * … Universalium
overdraft checking account — A 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. Bloomberg Financial Dictionary … Financial and business terms
overdraft — A deficit in a bank account. An overdraft may or may not be in accordance with an agreed *credit line … Auditor's dictionary
overdraft checking account — a bank account with a credit line permitting checks to be written for an amount above the account balance, subject to a finance charge on the overdraft … Useful english dictionary
line of credit — /ˌlaɪn əv kredɪt/ noun 1. the amount of money made available to a customer by a bank as an overdraft ♦ to open a line of credit or a credit line to make credit available to someone 2. the borrowing limit on a credit card … Dictionary of banking and finance
overdraft — noun Date: 1845 1. an act of overdrawing at a bank ; the state of being overdrawn; also the sum overdrawn 2. line of credit … New Collegiate Dictionary
overdraft protection — / əυvədrɑ:ft prəˌtekʃ(ə)n/ noun a system which protects a customer from overdrawing his account, either by switching money automatically from another account, or by offering a line of credit … Dictionary of banking and finance
revolving line of credit — overdraft that is approved for limited periods of time … English contemporary dictionary
