der Kassenkredit
Translation
cash credit, overdraft facility, short-term loan
Examples
Die Gemeinde nahm einen Kassenkredit auf.
The municipality took out a short-term loan.
Der Kassenkredit hat hohe Zinsen.
The cash credit has high interest rates.
Grammar Patterns
to take out+acc ((a Kassenkredit)) to take out a short-term loan The municipality took out a short-term loan.
Similar Words
Überziehungskredit, Kontokorrentkredit
Etymology
Composed of 'Kasse' (cash box, treasury) and 'Kredit' (credit, loan). A loan to cover short-term cash needs.
Memory Tips
It's a 'Kredit' (loan) to fill up the 'Kasse' (cash box) when it's empty.