Overdraft definition
The act of overdrawing a bank account.
noun
The definition of an overdraft is taking out more money than is in your account, or a draft of air that moves over a fire.
An example of an overdraft is to write a check for $40 when you only have $20 in your account.
An example of an overdraft is the air that passes over the fuel in a furnace.
noun
A current of air made to pass over the ignited fuel in a furnace.
noun
The amount overdrawn.
noun
The maximum amount of credit extended to a customer.
noun
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The air so forced.
noun
A draft, or current of air, passed over a fire, as in a furnace, or passing down through a kiln.
noun
A withdrawal of money from a bank in excess of the amount credited to the drawer.
noun
The amount withdrawn in excess.
noun
Credit issued by a bank if a check is written on an account that does not have sufficient money to cover it and the bank chooses to approve the check. Often banks link a customer’s savings account or credit card to the checking account to cover overdrafts, and an overdraft fee will be charged.
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(countable) The maximum amount that may be overdrawn.
The bank have given me an overdraft of $2000.
noun
A series of flues in a brick kiln designed to force air down from the top.
noun
Other Word Forms
Noun
Singular:
overdraft
Plural:
overdraftsOrigin of overdraft
- over- +"Ž draft
From Wiktionary