| 单词 | overdraft |
| 释义 | 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 at the same interest rate as, with an overdraft, credits are taken into account. |
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