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
Capital One was the first major U.S. bank to eliminate all overdraft fees, choosing to waive the industry practice of charging hefty fees for transactions that exceed a customer's balance.
—
Paul Du Quenoy, MSNBC Newsweek, 26 Mar. 2025
Borrego Springs has already been grappling with a critical overdraft of its basin, though it’s taken steps in recent years to curb its usage.
—Maura Fox, San Diego Union-Tribune, 17 Mar. 2025
Resolutions could also overturn recent CFPB rules, Litt says, including a rule to limit overdraft fees charged by big banks and credit unions.
—Nerdwallet, Orange County Register, 17 Mar. 2025
In case of an overdraft, the checking account can draw on a margin loan from the brokerage account.
—William Baldwin, Forbes, 16 Mar. 2025
See All Example Sentences for overdraft
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Paul Du Quenoy, MSNBC Newsweek, 26 Mar. 2025
Borrego Springs has already been grappling with a critical overdraft of its basin, though it’s taken steps in recent years to curb its usage.
—Maura Fox, San Diego Union-Tribune, 17 Mar. 2025
Resolutions could also overturn recent CFPB rules, Litt says, including a rule to limit overdraft fees charged by big banks and credit unions.
—Nerdwallet, Orange County Register, 17 Mar. 2025
In case of an overdraft, the checking account can draw on a margin loan from the brokerage account.
—William Baldwin, Forbes, 16 Mar. 2025
See All Example Sentences for overdraft
Cite this Entry
“Overdraft.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/overdraft. Accessed 3 Apr. 2025.
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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