GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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15:36 May 4, 2020 |
Portuguese to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: Mark Robertson Local time: 23:35 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 +3 | Overdraft agreement |
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3 +2 | overdraft credit agreement |
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3 | bank(-)overdraft facility(-)agreement |
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Overdraft agreement Explanation: What Is an Overdraft? An overdraft is an extension of credit from a lending institution that is granted when an account reaches zero. The overdraft allows the account holder to continue withdrawing money even when the account has no funds in it or has insufficient funds to cover the amount of the withdrawal. -------------------------------------------------- Note added at 10 mins (2020-05-04 15:46:23 GMT) -------------------------------------------------- https://www.investopedia.com/terms/o/overdraft.asp |
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