The bank overdraft (ital.: conto = calculation, corrente = constantly) resembles the overdraft with a bank with private people. In the context arrangement credit can cover a private person the own account. One finds regulations to the bank overdraft among other things in "§ 355 the commercial code (HGB).

By bank overdraft one understands a current calculation between two contracting parties, ith D." R. between a bank and a banking customer. In addition, enterprises can lead current accounts among themselves. The nature of the current account consists of the fact that both contracting parties grant themselves and in regular intervals up-count their mutual demands against each other. Debtor is in each case the party, to whose Ungunsten the balance of the bank overdraft stands. The balance is spoken on new calculation. Regarding it the different demands go down, i.e. that only the balance can be in-complained.

With a bank overdraft of a bank a certain credit limit with the banking customer is agreed upon. Up to this height the firm account can be loaded. The time and the money supply the customer can freely determine. The height of the credit limit orients itself thereby at the individual situation and the concrete requirements of an enterprise.

The interest rate for the bank overdraft is variable and depends on the current market interest. Interest becomes due only for the amount, which was also actually used. The bank overdraft is thus variable applicable and can be just as variable paid back.

The bank overdraft is suitable particularly for short term credits such as working capital credit, interim credits or Saisonkredite. With the bank overdraft are favourable the utilization of discount payment advantages, flexible demand and the missing appropriation.

Articles in category "Bank overdraft"

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