Glossary
Overdraft
A type of short-term credit provided through a checking account or debit card, allowing the account holder to temporarily withdraw funds beyond the available balance up to a specified limit.
Over-indebtedness
A condition in which the total amount of debts exceeds an individual’s or legal entity’s ability to repay them.
Over-the-Counter Market (OTC)
A decentralized financial market where transactions are conducted via bilateral agreements between participants without a centralized regulatory system. Securities are traded by dealers and brokers connected through electronic networks. Also referred to as the “off-exchange market”.
Own Business - glossary for children
An activity carried out by an entrepreneur to produce or offer goods and services and earn money for themselves.
Partners
