check overdraft credit
- noun
- Specialized
:
crédito de sobregiro
- With check overdraft credit, you can write checks knowing that your bank will cover any overdrafts up to a certain limit.
Examples
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The bank charges interest on check overdraft credit used to cover shortfalls.
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Applying for check overdraft credit can help you avoid bounced check fees.
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Many customers appreciate the security of check overdraft credit when writing large checks.
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I applied for a check overdraft credit to manage my expenses.
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The bank offers a cheque overdraft credit for its customers.
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Having check overdraft credit allows customers to manage unexpected expenses without worrying about bounced checks.
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Many people rely on check overdraft credit when they need to make urgent payments despite low account balances.
Synonyms
A bank service that lets you withdraw money when your account does not have enough money
Surface Forms
Morphology
The core sense ('credit' to cover an 'overdraft') is largely recoverable from the constituents 'overdraft' + 'credit', so part of the phrase is compositional. However, the presence of 'check' is ambiguous (verb 'to check' vs noun 'cheque') and the whole phrase is a specific banking collocation, so a B1 learner who knows the individual words may still be uncertain without exposure to the financial usage.
Etymology
Check overdraft credit is a small loan a bank gives when a written check would make your account go below zero — an overdraft. The bank's credit fills the missing money so the check is paid, so the phrase means bank help to cover checks.
