overdraft credit

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Definitions from WordNet

Noun overdraft credit has 1 sense

overdraft credit, check overdraft credit - credit provided by a bank in honoring a customer's overdrafts
--₁ is a kind of open-end credit, revolving credit, charge account credit

Definitions from the Web

Overdraft Credit

Definition: Overdraft credit is a financial service offered by banks that allows account holders to withdraw more funds than they have available in their accounts, up to a certain limit. It provides a short-term borrowing option to cover expenses when the account balance reaches zero.

Senses and Usages:

As a Noun:

Definition: The amount of credit available through an overdraft facility.

Example Sentence: I had to utilize my overdraft credit to pay for unexpected medical bills.
As a Verb:

Definition: To use the overdraft credit facility provided by a bank.

Example Sentence: I had to overdraft credit my account to cover the rent this month.

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