| 释义 |
overdraft 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 costly way of borrowing than taking a bank loan (providing the interest rates are the same) as, with an overdraft, credits are taken into account. |