o
ver
draft
Plural
overdrafts
1
a deficit in a bank account caused by withdrawing more money than is available
- The bank charged a fee for the overdraft on her account.
- She was worried about an overdraft when her check bounced.
- He incurred an overdraft after spending more than his account balance.
- The bank notified him of an overdraft due to insufficient funds.
- The overdraft occurred because of an automatic bill payment.