what is bank overdraft
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A bank overdraft 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 theoverdrawn balance
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Answer:
Bank overdraft is the excess of withdrawal over deposits and is considered a liability to an account holder.
Explanation:
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