Meaning of the word: Overdraft
An overdraft is a service for costumers of bank, when client can draw money in case that he doesn´t have enough his own money on his account so he goes below zero. It is therefore a financial reserve, which the customer can use in case of financial emergency. Overdraft is a paid service, the client also to pay interest on borrowed money.
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FROM DICTIONARY
Co-debtor
Co-debtor is a person who is willing to participate in the debt repayment, together with the debtor up to 100% of the amount due. Co-debtor has the…
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