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Definitions from the WebBank OverdraftDescription:A bank overdraft occurs when a customer withdraws more money from their bank account than what is available. It is a type of short-term loan provided by the bank, allowing customers to bridge the gap between their account balance and the amount they need for their purchases. Senses and Usages:1. Noun: Bank OverdraftDefinition: A negative balance in a bank account resulting from withdrawing more money than what is available. Example Sentence: My bank account went into overdraft because I mistakenly spent more money than was in my account. Related Products on Amazon2. Verb: Bank OverdraftDefinition: To exceed the available balance in a bank account. Example Sentence: I accidentally overdrafted my account when making the large purchase, and now I have to pay the fees. Related Products on AmazonRelated Products:You can find related products on Amazon by searching for bank overdraft or overdraft protection. | ||||
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