Business Studies, asked by sujal4036, 7 months ago

When is bank overdraft known as cash credit? ( 1-2 sentence)

Answers

Answered by prabhashkmishra00000

Answer:

ash Credit (CC) is a short-term loan offered to businesses to meet their working capital requirements, whereas Overdraft facility is funding offered by banks to individuals or companies to withdraw money from the banks even if their account balance is low, zero or below.

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