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Definition 2024
overdraft
overdraft
English
Alternative forms
- overdraught (UK)
Noun
overdraft (countable and uncountable, plural overdrafts)
- (uncountable) The act of overdrawing a bank account.
- (countable) The amount overdrawn.
- I have an overdraft of £1234.
- (countable) The maximum amount that may be overdrawn.
- The bank have given me an overdraft of $2000.
- The extraction of groundwater from an aquifer beyond the safe yield or equilibrium yield.
Related terms
Translations
act of overdrawing a bank account
amount overdrawn
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maximum amount that may be overdrawn
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Verb
overdraft (third-person singular simple present overdrafts, present participle overdrafting, simple past and past participle overdrafted)
- (transitive) To extract groundwater from (an aquifer) beyond the safe yield or equilibrium yield.