Overdraft finance, Finance Basics

Overdraft Finance

This finance is perfect to need as bridging finance in sense such should be required to solve the company's short term liquidity problems in specific those of financing working capital that is abbreviated as w.c.  Usually it is a secured finance unless otherwise declared. Overdraft finance is an expensive basis of finance and the over-reliance on it is a sign of financial imprudence like it shows the incapability to plan or forecast financial needs.

Posted Date: 1/29/2013 4:59:28 AM | Location : United States

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