Overdraft

Business / Accounting / Overdraft: Lack of sufficient funds to cover the full amount of a check.

Overdraft Protection

Business / Accounting / Overdraft Protection: Procedure agreed upon by an account holder and a bank in advance to transfer funds from a savings or credit account to a checking account to cover insufficient funds. MORE

Insufficient Funds

Business / Taxes / Insufficient Funds: If you don’t have enough money available in your checking account to cover the checks you’ve written or electronic debits you’ve authorized, you have insufficient funds (ISF) or nonsufficient fu MORE

Debit Card

Business / Accounting / Debit Card: Bank cards that allow the payment of goods and services to be subtracted directly from a bank account. MORE

Credit Line

Business / Taxes / Credit Line: A credit line, or line of credit, is a revolving credit agreement that allows you to write checks or make cash withdrawals of amounts up to your credit limit. When you use the credit — sometimes cal MORE

Aquifer

Business / Agriculture / Aquifer: An underground geological formation, or group of formations, containing usable amounts of groundwater that can supply wells or springs for domestic, industrial, and irrigation uses. Removing more grou MORE

Current Liabilities

Business / Accounting / Current Liabilities: These include bank overdrafts, short term loans (less than a year), and what the business owes its suppliers. They are termed 'current' for the same reasons outlined under 'current assets' in the prev MORE

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