Overdraft



[oh-ver-draft, -drahft] /ˈoʊ vərˌdræft, -ˌdrɑft/

noun
1.
an act or instance of a checking account.
2.
a check on a checking account.
3.
the amount .
4.
an excessive drawing on or drawing off of something.
5.
a made to pass over a fire, as in a furnace.
6.
a 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.
/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the amount of money drawn or withdrawn thus
n.

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

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

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