What is difference between cash credit and overdraft

\t\t\tCash credit is a type of short term loan provided to companies to fulfill their working capital requirement.Overdraft is a facility given by the bank to companies, to withdraw money "more" than the balance available in their respective accounts.Pledge or hypothecation of inventory.Assets like financial instrument and property.Cash Credit AccountCurrent Account\t

1.	What is difference between cash credit and overdraft
Answer»		CASH CREDIT	OVERDRAFT

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What is difference between cash credit and overdraft

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