CREDIT LOSSES PROVISION Definition

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CREDIT LOSSES PROVISION see PROVISION FOR CREDIT LOSSES.

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OVERDRAFT is, a. a draft in excess of the credit balance within an account; or b. a 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.

RISK is the measurable possibility of losing or not gaining value. Risk is different from uncertainty. Uncertainty is not measurable.

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