Definition of Overdraft
to withdraw more money from a bank account than what is actually inside
Examples of Overdraft in a sentence
If the four hundred dollar check is cashed, the withdraw will overdraft the already empty account. 🔊
Overdraft protection allows the credit union member to take a 100 dollars more out of her account than what the balance shows. 🔊
Because of overdraft fees assessed when Taylor removed too much money from the bank, the account is now in the negative. 🔊
Other words in the Money and Business category:
Most Searched Words (with Video)
