Social Sciences and the Law

What is another way overdraft is used besides regarding a checking account?

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The term overdraft is also used in reference to the condition that exists when vouchers or purchase orders are drawn in amounts exceeding the amount that has been appropriated or budgeted.

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Get more facts and information about Overdraft from West's Encyclopedia of American Law at Encyclopedia.com.

Similar questions: What term is used when more vouchers or purchase orders are drawn in than are appropriated? Can overdraft also refer to drawing in more vouchers or purchase orders that are budgeted? [ Hide these questions ]

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