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Advantage of overdraft?
Having overdraft protection on your account helps you avoid excessive fees. When the money isn't in your main account, your overdraft account will protect you by providing the money for the charges.
What is the meaning of 'leg wire' in Portuguese?
The equivalent term in Portuguese, also used as an expression, is "fio condutor".
What is hardcore overdraft?
Hardcore overdraft refers to a banking situation where an account holder exceeds their overdraft limit by a significant amount, often resulting in additional fees and penalties. This term typically indicates a persistent pattern of overdrawing funds, which can lead to financial instability and potential legal action by the bank. It highlights the risks of relying heavily on overdraft protection beyond agreed limits.
What are the Methods of short-term financing?
There are several ways to borrow money on a short term basis. One would be to use the overdraft protection at Êyour bank. Another would be to borrow from a credit card.Ê
What is 'prime minister' in Portuguese?
The term 'primeiro-ministro', which is pronounced 'pree-MEH-roo mee-NEE-stroo', is a Portuguese equivalent of 'prime minister'.
What is the Portuguese 'primeiro-ministro' in English?
The term 'prime minister' is an English equivalent of 'primeiro-ministro'.
What is 'nada' when translated from Portuguese and Spanish to Italian?
The term 'nada' is a word from the Portuguese and Spanish languages. In English, the translation is 'nothing'. The equivalent in Italian is niente.
What does muchacho mean in Portuguese?
Muchacho is a spanish word and means boy, a teenager or young man, In portuguese language it is spelled 'rapaz'.
How does a bank overdraft help in reducing cash flow problems?
An agreed bank overdraft will help in the short term, but the loan will still need to be repaid eventually.
State a source of both short-term and long-term funds?
Short term fund: Bank overdraft. Long term fund: Loan from Bank.
What is the possible long term consequence of ground water overdraft?
D. Higher water tables
Is temporary overdraft a current liability?
Yes. An overdraft simply means that the bank has paid an item that was presented against your bank account and represents, essentially, a short term loan from the bank to you. Like any other short term obligation, it is a current liability.
