Business GCSE
Overdraft
What Overdraft means in Business GCSE, as defined for OCR.
Definition of Overdraft
A facility that allows a business to withdraw more money from its bank account than it actually has, up to a limit.
Topics that use Overdraft
- Sources of finance (OCR GCSE)
Related terms
Using Overdraft in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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