Business A-Level
overdraft
What overdraft means in Business A-Level, as defined for AQA.
Definitions of overdraft
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Reference: AQA
A short-term source that charges interest only on the amount actually drawn and is repayable on demand.
A flexible short-term facility for cash flow, repayable on demand.
Topics that use overdraft
- Making financial decisions: sources of finance (AQA A-Level)
Related terms
Using overdraft in the exam
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