Glossary entry

French term or phrase:

tirage à découvert

English translation:

ovedraft drawdown

Added to glossary by suewiddicombe
Jun 12, 2013 14:00
11 yrs ago
2 viewers *
French term

tirage à découvert

French to English Bus/Financial Finance (general) lines of credit
"Ligne de Crédit No. 1 : versements au fur et à mesure de l'avancement des travaux contre justificatifs de factures pour un montant minimum de 200K euros. En cas de demande d'un montant inférieur à 200K euros, un ***tirage à découvert*** sur compte courant est autorisé..."

Can anyone suggest how I might translate this? Many thanks
Proposed translations (English)
3 +3 ovedraft drawdown

Proposed translations

+3
22 mins
Selected

ovedraft drawdown

Drawdown of funds from the current account when the drawdown exceeds the money in the account.
ex:
Each Overdraft drawdown that is made with the approved limit must be repaid in full on receipt of your next payment in to your account.
http://is.gd/xX5MIK
Peer comment(s):

agree philgoddard : Just overdraft would do.
6 mins
Thanks! I suppose so. That's what an overdraft is...
agree rkillings
2 hrs
Thanks!
agree Daryo : simply "overdraft"
2 hrs
Thanks!
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4 KudoZ points awarded for this answer. Comment: "Thanks, fine."
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