Simple Definition of overdraft

from our Learner's Dictionary

overdraft

noun

ˈoʊvɚˌdræft

British ˈəʊvəˌdrɑːft

plural overdrafts

: 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

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“Overdraft.” Merriam-Webster.com Simple Definition, Merriam-Webster, https://www.merriam-webster.com/simple/overdraft. Accessed 18 Jun. 2026.

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Simple Definition of overdraft

overdraft

noun

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