Business GCSE

Overdrafts

What Overdrafts means in Business GCSE, as defined for Pearson Edexcel.

Definition of Overdrafts

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Read the wording for your board, then hide it and explain Overdrafts in your own words. Rough notes are fine. This is a self-check, with no mark or grade.

Reference: Pearson Edexcel

Flexible, short-term finance to cover cash flow shortages that usually incurs high interest rates.

Pearson Edexcel · Sources of business finance (study guide)

Topics that use Overdrafts

Sources of business finance (Pearson Edexcel GCSE)

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Using Overdrafts in the exam

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