overdraft


over·draft

noun \ˈō-vər-ˌdraft\

: an amount of money that is spent by someone using a bank account that is more than the amount available in the account : an amount that is overdrawn from an account

Full Definition of OVERDRAFT

1
:  an act of overdrawing at a bank :  the state of being overdrawn; also :  the sum overdrawn

First Known Use of OVERDRAFT

1845

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