Definition of overdraft
1 : an act of overdrawing at a bank : the state of being overdrawn; also : the sum overdrawn
2 : line of credit
From the M-W Editors
1812
First Known Use of overdraft
1812
OVERDRAFT Defined for English Language Learners
overdraft
playDefinition of overdraft for English Language Learners
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: 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
Law Dictionary
overdraft
playLegal Definition of overdraft
1 : the act or result of drawing on a bank account for more than the balance; also : the amount exceeding the balance in an overdraft
2 : a loan or credit extended on a current account especially to established or institutional customers
Learn More about overdraft
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See words that rhyme with overdraft Spanish Central: Translation of overdraft Nglish: Translation of overdraft for Spanish speakers Britannica English: Translation of overdraft for Arabic speakers Britannica.com: Encyclopedia article about overdraft
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