Definition of overdraft in English:

overdraft

Line breaks: over|draft
Pronunciation: /ˈəʊvədrɑːft
 
/

noun

  • A deficit in a bank account caused by drawing more money than the account holds: when I left Cambridge I had a £900 overdraft [as modifier]: customers will be given a guaranteed overdraft facility
    More example sentences
    • But even so, much of a student's debt comes from bank overdrafts and credit cards and who could resist an easy-peasy way of getting shot of those?
    • Experience shows that it is important to include all bank loans, overdrafts and credit cards into any reduced payment scheme.
    • If you have debts, whether they are bank overdrafts, personal loans or unpaid credit card bills then start by itemising all those outstanding loans.

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