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Kontoüberziehung

account overdraft; overdrawn balance

noun KON-to-ue-ber-tsee-ung Rare
People & Society Money

Usage Note

Kontoüberziehung refers to spending beyond the available balance, using the bank's Dispositionskredit (overdraft facility). If the overdraft limit is exceeded, banks may charge a higher Überziehungszins as a penalty rate.

Examples

"Die Kontoüberziehung führte zu hohen Überziehungszinsen am Monatsende."

Natural Translation

The account overdraft led to high overdraft interest charges at the end of the month.

Literal Translation

The account-overdraft led to high overdraft-interest at the month-end.

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