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Write a Word Or Phrase Or a Term Which Can Substitute Each One of the Following: Overdraft Facility is Given to a Certain Definite Account Holder. - Organisation of Commerce and Management

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Question

Write a word or phrase or a term which can substitute  the following:
Overdraft facility is given to a certain definite account holder.

One Line Answer
One Word/Term Answer

Solution

Overdraft facility is given to a certain definite account holder. - Current account holder
Explanation:
Overdraft facility is provided to current account holders. According to this facility, a current account holder can withdraw amount more than what he/she has in his/her account but interest is charged over the amount overdrawn.

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Role of Transport
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Chapter 2: Business Services - Write a word or phrase [Page 83]

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