Overdraft Credit


Also found in: Dictionary, Thesaurus.

Overdraft Credit

A situation in which a bank allows an account holder to spend more than is currently in the account. Overdraft credit may be attached to accounts automatically, though usually it requires payment of an NSF fee.
References in periodicals archive ?
After accounting for the payments made by the extension of overdraft credit from the Federal Reserve System and those made by the receipt of incoming transfers from other banks, we assign the remaining payments to banks' maintained account balances at the Federal Reserve.
Procurement Overdraft Credit Facility with Values Distributed as Follows: December 2015 = 60,000,000 Lei January-March 2016 = 60.000.000Lei April-June 2016 = 60,000,000 Lei July to September 2016 = 80,000,000 Lei October-November 2016 = 80,000,000 Lei
In 1994, for example, direct measures of daylight overdrafts show that the Federal Reserve extended about $50 billion in intraday overdraft credit on average during the day (table 1); and on any given day an average of about 2,400 institutions incurred daylight overdrafts in their accounts at the Federal Reserve out of a total of nearly 11,000 institutions with such accounts.
Total quantity or scope: Overdraft credit facility divided by quarters so :.
Overdraft credit guarantee contracts tendered in the form of two parts, part 750 000 000 HUF per tender terms.
Contract award: treaties providing overdraft credit.
The result is that overdraft credits to the Greek central bank have grown by nearly E1 billion a day in recent months.