Modern Railways Co. operates a cargo railroad service between New York and Boston. A train owned by Modern Railways derails due
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I would say an overdraft. As overdraft facility allows the facility holder to withdraw money from the account despite having no balance. There is a limit on the amount that can be overdrawn from the account. The overdraft limit is usually set by the bank basis the amount of working capital, creditworthiness of borrower and security offered by borrower.
I've also provided some advantages and disadvantages for using a overdraft.
I hope it helped you!
I've also provided some advantages and disadvantages for using a overdraft.
I hope it helped you!