overrunning
as defined in Directive 2008/48/EC Of the European Parliament and of the Council of 23 April…, Article 3, point (e) (Definitions)
(e)
‘overrunning’ means a tacitly accepted overdraft whereby a creditor makes available to a consumer funds which exceed the current balance in the consumer's current account or the agreed overdraft facility;
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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 (19)
a tacitly accepted overdraft whereby a creditor makes available to a consumer funds which exceed the current balance in the consumer’s current account or the agreed overdraft facility