Concept:An overdraft is a bank credit facility that allows a cheque account holder to withdraw more money than the available balance, making the account go into debit.
Explanation:A cheque account is commonly known as a current account.
When a customer operates a cheque account, the bank can grant an overdraft facility.
This facility permits the customer to continue making withdrawals even when the account has insufficient or zero funds.
As a result, the account moves into a debit balance, meaning the customer owes the bank the extra amount withdrawn.
The bank charges interest on this debit balance, but the arrangement itself is called an overdraft.
An advance is a different form of loan with agreed repayment terms, not a flexible debit balance.
Interest is simply the cost of borrowing, not the loan facility.
Commission is a service fee charged by the bank, not a form of loan.
Therefore, the correct term for this arrangement is overdraft.
Answer:A. overdraft