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Kontokorrentkredit

current account credit line

noun kon-to-ko-RENT-kreh-deet Rare
People & Society Money

Origin: from Italian 'conto corrente'

Also means

revolving credit facility

Usage Note

Kontokorrentkredit is a pre-agreed credit limit attached to a current account, equivalent to the overdraft (Dispokredit) for personal accounts but typically used in business banking.

Examples

"Die Firma nutzt den Kontokorrentkredit für kurzfristige Engpässe."

Natural Translation

The company uses the current account credit line for short-term shortfalls.

Literal Translation

The firm uses the current-account-credit for short-term bottlenecks.

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