overdraft facility
as defined in Directive 2008/48/EC Of the European Parliament and of the Council of 23 April…, Article 3, point (d) (Definitions)
(d)
‘overdraft facility’ means an explicit credit agreement whereby a creditor makes available to a consumer funds which exceed the current balance in the consumer's current account;
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Also defined in
- Directive (EU) 2023/2225 of the European Parliament and of the Council of 18 October 2023 on credit agreements for… 32023L2225, Article 3, point (18)
an explicit credit agreement whereby a creditor makes available to a consumer funds which exceed the current balance in the consumer’s current account