Overdraft
What Overdraft means in Business GCSE, as defined for OCR, Pearson Edexcel.
Definitions of Overdraft
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Reference: Pearson Edexcel
A short-term source that lets a business withdraw more than its bank balance, aiding cash flow.
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)
- Sources of business finance (Pearson Edexcel GCSE)
Related terms
Using Overdraft in the exam
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