Glossary
Welcome to our glossary section.
If you're looking for the definition of a particular finance term or phrase, you can look it up here in our loans glossary. If the term or phrase you're looking for isn't listed, please let us know and we'll make sure it gets included.
Overdraft
A credit facility tagged to a person's current account, which allows the individual certain grace if they happen to overextend themselves financially. Overdrafts are only usually granted to customers that are deemed to be reliable in the eyes of their bank.
