Economy, asked by njana3380, 1 year ago

Write about Overdraft in detail.

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Answered by rizwannizarudin

0

An overdraft is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the account has no funds in it or not enough to cover the withdrawal. Basically, overdraft means that the bank allows customers to borrow a set amount of money.

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