Home Business & FinanceInvestments & Financial Markets Subscribe to RSS

What Is The Meaning Of "Bank Overdraft" And "Cash Credit"?

Answer Question

1 Answer - Sort by: Date | Rating

    Bank Overdraft protection is a service that can help you prevent returned items due to insufficient funds in your checking account. When an item is presented against an account with insufficient funds, overdraft protection may cover that item and allow payment.
    Cash credit works in a manner that is very similar to that of a line of credit. The difference is that cash credit establishes a cash account with the lender institution that can be drawn upon by the debtor..
    0 0

    Lazar77 

    answered 4 months ago

      Answer Question - Answers are editable for 5 min.

      If you do not Sign-in or Register your answers will

      be anonymous, your answers may also be

      checked before going online.

      0

      More

       
       

      Ask a Question via Twitter

      Send a question to @askblurtit and we will publish it online and send you a reply everytime you receive an answer.

      Blurtit Store

      Get T-shirts, hoodies, caps and more at the Blurtit store

      Blurtit International