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overdraft

[oh-ver-draft, -drahft]
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noun
  1. an act or instance of overdrawing a checking account.
  2. a check overdrawn on a checking account.
  3. the amount overdrawn.
  4. an excessive drawing on or drawing off of something.
  5. a draft made to pass over a fire, as in a furnace.
  6. a draft passing downward through a kiln.
  7. Metalworking. a tendency of a rolled piece to curve upward after passing through a stand, occurring when the lower roll is faster than the upper.
Compare underdraft.

Origin of overdraft

First recorded in 1875–80; over- + draft
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for overdraft

Contemporary Examples

Historical Examples

  • The Prince has had an overdraft; you will give me a statement; that's all!

  • We are saved; the overdraft will be paid off, and we are in smooth water again.

  • The law has at least stopped the overdraft, but we still lack the $500.

    The Idyl of Twin Fires

    Walter Prichard Eaton

  • No money was drawn out of the bank by Cowperwood & Co. after that to create an overdraft.

    The Financier

    Theodore Dreiser

  • Suppose it were a check on an overdrawn account; would Providence intervene to prevent an overdraft?

    The Main Chance

    Meredith Nicholson


British Dictionary definitions for overdraft

overdraft

noun
  1. a draft or withdrawal of money in excess of the credit balance on a bank or building-society cheque account
  2. the amount of money drawn or withdrawn thus
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Word Origin and History for overdraft

n.

1878, in the banking sense, from over- + draft (n.).

Online Etymology Dictionary, © 2010 Douglas Harper

overdraft in Culture

overdraft

The amount by which a check exceeds the funds on deposit to cover it.

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.