Overdraft
- Tags
- finance
Allows a company to maintain a [see page 8, negative balance] on a bank account. A flexible form of borrowing with higher interest rates (than a term loan) and is often payable on demand.
Allows a company to maintain a [see page 8, negative balance] on a bank account. A flexible form of borrowing with higher interest rates (than a term loan) and is often payable on demand.