Common sense dictates that the amount that can be withdrawn from a bank account is limited to the amount put in. However, particularly in the business world, the wheels of trade need to be oilci by a certain flexibility in banking policy. Constant movements of cash often call for short-term facilities to take more money out of a bank account than it contains, which are referred to as 'overdraft facilities'. This enables customers customer.
|Reference: Oxford Press Dictonary of Economics, 3rd edt.|