OVERDRAFT - debet, przekroczenie stanu konta
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The Word of the Week: |
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OVERDRAFT (noun) /ˈəʊvədrɑːft/
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Definition: |
A deficit in a bank account caused by withdrawing more money than is paid in. |
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Example: |
You must make sure not take too much money out of your account or you may have to pay a big overdraft fee. |
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Polish Translation: |
debet, przekroczenie stanu konta |
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Did you know? |
The Royal Bank of Scotland invented the overdraft in 1728, one of the most important banking innovations. The bank allowed William Hog, a merchant, to take £1,000 - the equivalent of £63,664 today - more out of his account than he had in it. |
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Check your memory: |
_________ is a type of loan that may be repaid for more than thirty years. |
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