What Is “overdraft Facility”?
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Answer:An overdraft facility is a credit agreement made with a bank that allows an account holder to use or withdraw more money than what they have in their account up to the approved limit. ... The sanctioned overdraft limit and the interest charged will vary based on the nature of the asset offered as collateral
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- A facility in which of customer is allowed overdraw is current account and agree limit
- provided only respected and reliable customer for a short period of time
hope it's help u
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