overdraft facility

overdraft facility
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • overdraft facility — noun (C) BrE an agreement with the bank that a customer may take more money from the bank than they have in their account, up to a certain amount …   Longman dictionary of contemporary English

  • facility — fa‧cil‧i‧ty [fəˈsɪlti] noun facilities PLURALFORM 1. facilities [plural] PROPERTY special buildings or equipment that have been provided for a particular use, such as sports activities, shopping or travelling: • The hotel s leisure facilities… …   Financial and business terms

  • Overdraft — I warn you, Sir! The discourtesy of this bank is beyond all limits. One word more and I I withdraw my overdraft! Cartoon from Punch Magazine Vol. 152, June 27, 1917 An overdraft occurs when money is withdrawn from a bank account and the… …   Wikipedia

  • Overdraft fee — Unauthorized overdraft fees (sometimes called paid referral fees ) are fees charged by banks on various types of bank accounts, usually current or checking accounts. In the United States alone, overdraft fees bring in billions of dollars every… …   Wikipedia

  • overdraft — a form of loan by which a person with a trading bank current account is given permission to continue making drawings on the account up to an agreed limit, after the balance has been reduced to nil. Glossary of Business Terms Provision of instant… …   Financial and business terms

  • facility — noun 1 (usually facilities) buildings/services/equipment ADJECTIVE ▪ excellent, first class, good ▪ adequate, appropriate, proper, suitable …   Collocations dictionary

  • overdraft — o|ver|draft [ˈəuvədra:ft US ˈouvərdræft] n BrE the amount of money you owe to a bank when you have spent more money than you had in your account ▪ a £250 overdraft ▪ Many students have a free overdraft facility (=agreement with their bank to have …   Dictionary of contemporary English

  • facility — [[t]fəsɪ̱lɪti[/t]] ♦♦ facilities 1) N COUNT: usu pl, usu with supp Facilities are buildings, pieces of equipment, or services that are provided for a particular purpose. What recreational facilities are now available?... The problem lies in… …   English dictionary

  • facility */*/*/ — UK [fəˈsɪlətɪ] / US noun Word forms facility : singular facility plural facilities 1) a) [countable, usually plural] something such as a room or piece of equipment that is provided at a place for people to use The hotel has excellent leisure… …   English dictionary

  • facility — fa|cil|i|ty W1S3 [fəˈsılıti] n plural facilities 1.) facilities [plural] rooms, equipment, or services that are provided for a particular purpose ▪ All rooms have private facilities (=private bathroom and toilet) . ▪ The hotel has its own pool… …   Dictionary of contemporary English

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