Bank Overdraft | 0 comments A flexible type of borrowing that allows an individual or business to have a negative current account balance up to a certain limit. Normally this account has credit balance. « Back to Glossary Index Submit a Comment Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Notify me of new posts by email.