Noun: overdraft 'ow-vu(r),drãft
- An amount withdrawn from a bank account in excess of the available balance
"The bank charged a fee for the overdraft"
- An arrangement with a bank allowing withdrawal of more money than is in an account
"She applied for an overdraft facility to manage cash flow"
Derived forms: overdrafts
Type of: bill of exchange, draft, order of payment
Encyclopedia: Overdraft