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Write a word or a term or a phrase which can substitute the following statement. The credit facility provided to a company having current account with bank. - Secretarial Practice

One Word Answer

Write a word or a term or a phrase which can substitute the following statement.

The credit facility provided to a company having current account with bank.

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Solution

The credit facility provided to a company having current account with bank. - Overdraft

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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 2 Sources of Corporate Finance
Exercise Q.1 | Q 3.14 | Page 35
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