overdraft
noun
over·draft
ˈō-vər-ˌdraft 
1
: an act of overdrawing at a bank : the state of being overdrawn
also
: the sum overdrawn
2
Examples of overdraft in a Sentence
Recent Examples on the Web
As a result, the bank is seeking a judgment calling for the immediate payment of the overdraft funds and fees.
—
David Chiu, People.com, 30 Oct. 2024
State residents had significantly more overdrafts from their checking accounts in the three months after using these services than before using them, the center said.
—Jon Healey, Los Angeles Times, 22 Oct. 2024
To boot, she got hit with a $19 overdraft fee because her rent check bounced after the fraud took place.
—Susan Tompor, USA TODAY, 31 Oct. 2024
Banks can help make their paychecks go further without driving revolving debt by offering a combination of bridge loans to payday, overdraft fee waivers and pay-by-bank.
—Expert Panel®, Forbes, 25 Oct. 2024
See all Example Sentences for overdraft 
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David Chiu, People.com, 30 Oct. 2024
State residents had significantly more overdrafts from their checking accounts in the three months after using these services than before using them, the center said.
—Jon Healey, Los Angeles Times, 22 Oct. 2024
To boot, she got hit with a $19 overdraft fee because her rent check bounced after the fraud took place.
—Susan Tompor, USA TODAY, 31 Oct. 2024
Banks can help make their paychecks go further without driving revolving debt by offering a combination of bridge loans to payday, overdraft fee waivers and pay-by-bank.
—Expert Panel®, Forbes, 25 Oct. 2024
See all Example Sentences for overdraft
Dictionary Entries Near overdraft
Cite this Entry
“Overdraft.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/overdraft. Accessed 21 Nov. 2024.
Copy CitationKids Definition
overdraft
noun
over·draft
ˈō-vər-ˌdraft
: an overdrawing of a bank account or the amount overdrawn
Legal Definition
overdraft
noun
over·draft
ˈō-vər-ˌdraft
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
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