- check overdraft credit
- nouncredit provided by a bank in honoring a customer's overdrafts• Syn: ↑overdraft credit• Hypernyms: ↑open-end credit, ↑revolving credit, ↑charge account credit
Useful english dictionary. 2012.
check overdraft credit
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overdraft credit — noun credit provided by a bank in honoring a customer s overdrafts • Syn: ↑check overdraft credit • Hypernyms: ↑open end credit, ↑revolving credit, ↑charge account credit … Useful english dictionary
overdraft — over·draft / ō vər ˌdraft/ n 1: the act or result of drawing on a bank account for more than the balance; also: the amount exceeding the balance in an overdraft 2: a loan or credit extended on a current account esp. to established or… … Law dictionary
Check kiting — is the illegal act of taking advantage of the float to make use of non existent funds in a checking or other bank account; it is a form of check fraud. It is commonly defined as intentionally writing a check for a value greater than the account… … Wikipedia
charge account credit — noun a consumer credit line that can be used up to a certain limit or paid down at any time • Syn: ↑open end credit, ↑revolving credit • Hypernyms: ↑consumer credit • Hyponyms: ↑credit account, ↑cha … Useful english dictionary
open-end credit — noun a consumer credit line that can be used up to a certain limit or paid down at any time • Syn: ↑revolving credit, ↑charge account credit • Hypernyms: ↑consumer credit • Hyponyms: ↑credit account, ↑ … Useful english dictionary
revolving credit — noun a consumer credit line that can be used up to a certain limit or paid down at any time • Syn: ↑open end credit, ↑charge account credit • Hypernyms: ↑consumer credit • Hyponyms: ↑credit account, ↑ … Useful english dictionary
Overdraft — I warn you, Sir! The discourtesy of this bank is beyond all limits. One word more and I I withdraw my overdraft! Cartoon from Punch Magazine Vol. 152, June 27, 1917 An overdraft occurs when money is withdrawn from a bank account and the… … Wikipedia
overdraft — An overdrawing by a bank depositor. A payment by a bank from its funds of a check or draft drawn upon it by a depositor who does not have sufficient funds on deposit to pay the check or draft. American Surety Co. v First Nat. Bank (DC W Va) 50 F… … Ballentine's law dictionary
Overdraft Protection — A line of credit that banks offer to their customers to cover their overdrafts. Overdraft protection kicks in when a customer writes a check for more than the amount in their account. Also referred to as cash reserve checking. Overdraft… … Investment dictionary
Bounced Check — A slang word for a check that cannot be processed because the writer has insufficient funds. A bounced check will often be returned to the writer along with a penalty fee for non sufficient funds. Passing bad checks is illegal, and the crime can… … Investment dictionary
