The __________ facility is a major source of short-term finance for a corporation.It allows the company,without any previous notice,to put its bank account into ______,up to an agreed limit.

Question

Quizplus · Accepted Answer

An overdraft facility allows a company to withdraw more money than it has in its bank account, creating a deficit up to an agreed limit, providing short-term finance.

The __________ Facility Is a Major Source of Short-Term Finance