overdraft limit

overdraft limit
/'əυvədrɑ:ft ˌlɪmɪt/ noun
a total which is agreed between the bank and a customer as the maximum amount the customer’s account may be overdrawn

Dictionary of banking and finance. 2015.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • 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 Cartoon from Punch Magazine Vol. 152, June 27, 1917 An overdraft occurs when money is withdrawn from a bank account and the… …   Wikipedia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 fee — Unauthorized overdraft fees (sometimes called paid referral fees ) are fees charged by banks on various types of bank accounts, usually current or checking accounts. In the United States alone, overdraft fees bring in billions of dollars every… …   Wikipedia

  • overdraft — a form of loan by which a person with a trading bank current account is given permission to continue making drawings on the account up to an agreed limit, after the balance has been reduced to nil. Glossary of Business Terms Provision of instant… …   Financial and business terms

  • overdraft — UK [ˈəʊvə(r)ˌdrɑːft] / US [ˈoʊvərˌdræft] noun [countable] Word forms overdraft : singular overdraft plural overdrafts a) an agreement with your bank that allows you to spend money when you have no money left in your account overdraft limit (= the …   English dictionary

  • limit — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ outer ▪ northern, southern, etc. ▪ three mile, etc. ▪ city …   Collocations dictionary

  • overdraft — A loan made to a customer with a cheque account at a bank or building society, in which the account is allowed to go into debit, usually up to a specified limit (the overdraft limit). Interest is charged on the daily debit balance. This is a less …   Accounting dictionary

  • overdraft — A loan made to a customer with a cheque account at a bank or building society, in which the account is allowed to go into debit, usually up to a specified limit (the overdraft limit). Interest is charged on the daily debit balance. This is a less …   Big dictionary of business and management

  • overdraft — noun (esp. BrE) ADJECTIVE ▪ enormous, huge, large ▪ agreed, authorized ▪ unauthorized ▪ free (BrE) …   Collocations dictionary

  • Overdraft Cap — The maximum dollar limit that a bank will send to another financial institution in one day. The overdraft cap limits the amount that banks will send via private payment or the Fedwire network. This cap limits a bank s daylight overdraft exposure …   Investment dictionary

  • overdraft — o|ver|draft [ˈəuvədra:ft US ˈouvərdræft] n BrE the amount of money you owe to a bank when you have spent more money than you had in your account ▪ a £250 overdraft ▪ Many students have a free overdraft facility (=agreement with their bank to have …   Dictionary of contemporary English

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”