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Definitions for
"Daylight Overdraft"
Keywords:
overdraft
,
overdrawn
,
intraday
,
intra
,
reserve
Related Terms:
Demand deposit account
,
Dda
,
Uncollected funds
,
Checking account
,
Account
,
Overdrawn
,
Demand deposit
,
Nsf
,
Nominated account
,
Clearing account
,
Check clearing
,
Debit
,
Bank account
,
Debit memo
,
Available balance
,
Cleared funds
,
Cashier's check
,
Bank statement
,
Overdraft
,
Sweep account
,
Overdraft protection
,
Control account
,
Clearing
,
Deposit account
,
Suspense account
,
Sales ledger
,
Passbook
,
Check hold
,
Receiving depository financial institution
,
E-check
,
Nsf check
,
Demand deposits
,
Nominal ledger
,
Insufficient funds
,
Non-sufficient funds
,
Bounced check
,
Credit
,
Bank reconciliation
,
General ledger
,
Current account
,
Trial balance
,
Subsidiary ledger
,
Double-entry accounting
,
Ledger
,
Reconcile
,
Negotiable order of withdrawal account
,
Savings account
,
Double-entry bookkeeping
,
Contra account
,
Reserve account
A negative position in an institution's Federal Reserve account.
app.ny.frb.org
an intraday loan that occurs when a bank transfers funds in excess of its reserve account
garlic.com
Intra-day status of an account when a financial institution initiates a payment without sufficient or available funds in the account.
mastercardintl.com
A negative balance created in an account when payments made during business hours exceed incoming funds actually received. The term also refers to an overdraft in a bank's reserve account at the Federal Reserve during business hours.
chicagofed.org
Being overdrawn in a deposit account during business hours. A daylight overdraft exposes the depository institution to a potential credit risk.
secorp.org
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