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Concept information

ECONOMICS > FINANCE > DEBTS > OVERDRAFTS
ECONOMICS > FINANCE > FINANCING > CREDIT > OVERDRAFTS

Preferred term

OVERDRAFTS  

Definition

  • NEGATIVE BALANCE IN A BANK ACCOUNT, SO THAT THE CUSTOMER OWES THE BANK MONEY

Broader concept

History note

  • TERM CREATED MARCH 2010

Definition source

  • DE-2017

URI

https://hasset.ukdataservice.ac.uk/ddcbf030-752b-44be-b585-41bb9a1549e0

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