overdraft Definition and Meaning in English (overdraft definition)

noun
Quick Answer • Definition

Overdraft definition: An amount of money withdrawn from a bank account that is greater than the amount actually available in the account, resulting in a negative balance.

Definitions of Overdraft

  1. 1noun

    An amount of money withdrawn from a bank account that is greater than the amount actually available in the account, resulting in a negative balance.

Example Sentences

business

“He was charged a fee for exceeding his overdraft limit.”

business

“The bank offers an overdraft facility to its premium customers.”

Inflected Word Forms

infinitiveoverdraw
adjectiveoverdrawn

Phrases & Idiomatic Expressions

overdraft facilitycollocation

A service offered by banks that allows customers to temporarily overdraw their account up to a certain limit.

overdraft protectioncollocation

A service that automatically transfers funds from another account or line of credit to cover an overdraft.

Frequently Asked Questions: Overdraft in English

What is the meaning of Overdraft in English?▼
Overdraft definition: An amount of money withdrawn from a bank account that is greater than the amount actually available in the account, resulting in a negative balance.
How do you translate 'Overdraft' to English?▼
'Overdraft' translates to 'overdraft' in English. Overdraft definition: An amount of money withdrawn from a bank account that is greater than the amount actually available in the account, resulting in a negative balance.
How do you pronounce 'Overdraft' and 'overdraft'?▼
Listen to clear English audio pronunciation of 'Overdraft' and native English audio speech for 'overdraft' with bilingual sentence examples on DictBridge.

Related Words in Banking & Economics

View Category →

Explore contextually related English vocabulary with verified English meanings, pronunciations, and sentence usages: