overdraft credit

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Noun1.overdraft credit - credit provided by a bank in honoring a customer's overdrafts
charge account credit, open-end credit, revolving credit - a consumer credit line that can be used up to a certain limit or paid down at any time
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Emirates NBD (ENBD), a leading banking group in the region, has launched FlexiCash, providing customers with an overdraft credit facility to meet short term needs or sudden requirement of funds in an emergency, and repayable in a flexible manner.
The company's overdraft credit reached EGP 225.1m at the end of 2015.
The Target overdraft credit that Italy has received from the Eurosystem - and that made such capital outflows possible - now stands at 192 bln euros.
Asen Berbatov's firm "Berbo - Asen Berbatov" received an overdraft credit in August 2008 with Asen's wife Dimitrinka as guarantor but never paid back the due installments to the bank.
In addition, the availability of current overdraft credit lines were extended for another two years.
The parties signed a three-year agreement, the main objective of which is to refinance existing syndicated loan and overdraft credit lines.