OVERDRAFT Definition

Bookmark and Share

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.

Learn new Accounting Terms

WINDFALL PROFIT/GAIN is profit that occurs suddenly as a result of an event not controlled by the company or person realizing the gain from the event. For example, a hurricane may bring extraordinary revenue to a roofing contractor as a result of the natural disaster.

RECEIVABLES TURNOVER see ACCOUNTS RECEIVABLE TURNOVER.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.