overdraft - Meaning in Punjabi
overdraft - Meaning in Punjabi
noun
overdraft Word Forms & Inflections
Definitions and Meaning of overdraft in English
overdraft noun
- a draft in excess of the credit balance
Description
![](https://upload.wikimedia.org/wikipedia/commons/thumb/e/e6/Overdraft_-_Punch_cartoon_-_Project_Gutenberg_eText_16113.png/320px-Overdraft_-_Punch_cartoon_-_Project_Gutenberg_eText_16113.png)
An overdraft occurs when something is withdrawn in excess of what is in a current account. For financial systems, this can be funds in a bank account. In these situations the account is said to be "overdrawn". In the economic system, if there is a prior agreement with the account provider for an overdraft, and the amount overdrawn is within the authorized overdraft limit, then interest is normally charged at the agreed rate. If the negative balance exceeds the agreed terms, then additional fees may be charged and higher interest rates may apply.
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What is overdraft meaning in Punjabi?
The word or phrase overdraft refers to a draft in excess of the credit balance. See overdraft meaning in Punjabi, overdraft definition, translation and meaning of overdraft in Punjabi. Learn and practice the pronunciation of overdraft. Find the answer of what is the meaning of overdraft in Punjabi.
Other languages: overdraft meaning in Hindi
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What is overdraft meaning in Punjabi, overdraft translation in Punjabi, overdraft definition, pronunciations and examples of overdraft in Punjabi.
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