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    #1

    for or up to an extent of

    I saw the following sentences shown in some bank facility letters.


    1) Overdraft for a limit of $500,000 (means maximum amount)
    2) Overdraft up to an extent of $500,000 (means maximum amount)

    Are the above sentences both correct?

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    #2

    Re: for or up to an extent of

    Your examples are not sentences.

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    #3

    Re: for or up to an extent of

    Quote Originally Posted by J&K Tutoring View Post
    Your examples are not sentences.
    Do " for a limit of " and"up to an extent of" in the above phrases both mean maximum amount?

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    #4

    Re: for or up to an extent of

    Quote Originally Posted by queeniech View Post
    Do " for a limit of " and"up to an extent of" in the above phrases both mean maximum amount?
    I would guess that was the writer's intent. With a limit of or simply up to $500,000 would be more common, unless this is specific banking jargon. The phrases look to me like they were written by someone with English as a second language.
    I am not a teacher.

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    #5

    Re: for or up to an extent of

    Quote Originally Posted by GoesStation View Post
    I would guess that was the writer's intent. With a limit of or simply up to $500,000 would be more common, unless this is specific banking jargon. The phrases look to me like they were written by someone with English as a second language.
    We (Bank) have pleasure in offering you the following facility:-

    Overdraft with a limit of $500,000. or Overdraft up to $500,000.

    Hi GoesStation,

    Do you mean it would be more common to use "with a limit" or "up to" like the above phrases?

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    #6

    Re: for or up to an extent of

    Banks have specific terms for their financial offerings. As a non-banker, I would write
    UsingEnglish Community Bank is (or "are" in BrE) pleased to offer you overdraft protection with a limit of $500,000.

    If you prefer to use the list format following a colon, leave out the hyphen. We don't use ":-" in punctuation.
    I am not a teacher.

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