C1
loan vs overdraft
The difference
| Word | Meaning | Goes with | Example |
|---|---|---|---|
| loannoun/loʊn/ | Meaning an amount of money that you borrow and must pay back, usually with interest | Goes with take out a loan | Example They took out a loan from the bank to open a second shop. |
| overdraftnoun/ˈoʊ.vər.dræft/ | Meaning money you take from your bank account that is more than you have in it, which you must pay back | Goes with overdraft fee | Example Ask your bank about overdraft protection before you apply for a new debit card. |
Which word fits?
1 of 8Pick the word for the gap. Its form may change in the sentence.
Small farmers often struggle to repay a after a bad harvest.