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

SPV see Special Purpose Vehicle.

CASH IN BANK literally means coin, currency, and cash items on deposit.

Suggest a Term

Enter Search Term

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