overdraft

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

noun

Compare underdraft.

Origin of overdraft

First recorded in 1875–80; over- + draft

Example sentences from the Web for overdraft

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the amount of money drawn or withdrawn thus

Cultural definitions for overdraft

overdraft

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