what in bank overdraft
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Heya user this is your answer..
A bank overdraft is a line of credit that covers your transactions if your bank account balance drops below zero...
Hope it helps...
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A bank overdraft is a line of credit that covers your transactions if your bank account balance drops below zero...
Hope it helps...
✌✌✌✌
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Answered by
3
A bank overdrafting is flexible borrowing facility on a bank current account which is repayable on demand. A bank overdraft does not actually result in cash flowing into a business. ... It depends on what the bank balance is day to day. Interest is calculated daily, usually at a high rate, on the overdrawn balance.
HOPE IT HELPS YOU....
HOPE IT HELPS YOU....
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