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overdraft

[oh-ver-draft, -drahft] /ˈoʊ vərˌdræft, -ˌdrɑft/
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
1875-1880
1875-80; over- + draft
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for overdraft
  • It provides a handy visual record of how much money you have left, and when you run out, you don't incur overdraft fees.
  • For example, politicians complained that overdraft fees were unfair, so they made new laws limiting them.
  • It was a precautionary and unconditional overdraft offered only to top-quality borrowers, say officials.
  • During past recession scares any shortfall in income from jobs and investments could be bridged by a bank overdraft or loan.
  • If you write a check that clears while there's still a hold on your paycheck, it will bounce, triggering hefty overdraft fees.
  • We do not believe that a discretionary overdraft program encourages irresponsible behavior on the part of the consumer.
British Dictionary definitions for overdraft

overdraft

/ˈəʊvəˌdrɑːft/
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the amount of money drawn or withdrawn thus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
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Word Origin and History for overdraft
n.

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

Online Etymology Dictionary, © 2010 Douglas Harper
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overdraft in Culture

overdraft definition


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

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Difficulty index for overdraft

Few English speakers likely know this word

Word Value for overdraft

16
17
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