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overdraft

[ oh-ver-draft, -drahft ]
/ ˈoʊ vərˌdræft, -ˌdrɑft /
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noun
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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. 2022

How to use overdraft in a sentence

British Dictionary definitions for overdraft

overdraft
/ (ˈəʊvəˌdrɑːft) /

noun
a draft or withdrawal of money in excess of the credit balance on a bank or building-society cheque account
the amount of money drawn or withdrawn thus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

Cultural definitions for overdraft

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.
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