overdraft

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Definitions from WordNet

Noun overdraft has 1 sense

overdraft - a draft in excess of the credit balance
--₁ is a kind of draft, bill of exchange, order of payment

Definitions from the Web

Overdraft

Description:

An overdraft is a financial facility provided by a bank that allows a customer to withdraw more money than is available in their account, usually up to a certain limit.

Sense 1 - Noun:

In banking, an overdraft refers to the negative balance in a bank account caused by withdrawing more money than is available.

Example sentence: I accidentally incurred an overdraft when I made a large purchase without enough funds in my account.

Sense 2 - Verb:

To overdraft means to withdraw more money from an account than is available, resulting in a negative balance.

Example sentence: If you continue to overdraft your account, you will incur overdraft fees.