overdraft C1 Topic:Personal Finance US /ˈoʊvɚdɹæft/ UK /ˈəʊvədɹɑːft/ See IPA manual Freq #37563 Meanings 1 noun An arrangement that lets you take more money out of your bank account than you have, up to an agreed limit. The bank gave me an overdraft of two thousand dollars to cover my expenses. 2 noun The amount of money taken out of an account beyond its balance. After the rent payment, I had an overdraft of nearly three hundred pounds. Thesaurus Word family Forms overdrafts Related forms overdrawoverdrawn Appears in Phrases (1) See all overdraft credit bank credit that covers payments exceeding the available account balance Noun + noun Etymology AI details From over- + draft. Topics Personal Finance Money & Finance External links Google Images Cambridge Dictionary Wiktionary # overdraft **Type:** Word **Level:** C1 **Part of speech:** noun **IPA (US):** /ˈoʊvɚdɹæft/ **IPA (UK):** /ˈəʊvədɹɑːft/ **Frequency rank:** 37563 ## Meanings 1. An arrangement that lets you take more money out of your bank account than you have, up to an agreed limit. 2. The amount of money taken out of an account beyond its balance. ## Examples - The bank gave me an overdraft of two thousand dollars to cover my expenses. - After the rent payment, I had an overdraft of nearly three hundred pounds. ## Related Forms - overdraw - overdrawn ## Etymology From over- + draft. ## AI Etymology Overdraft is from over- + draft. In present-day use, it can mean an arrangement that lets you take more money out of your bank account than you have, up to an agreed limit, or the amount of money taken out of an account beyond its balance. Related vocabulary includes overdraw and overdrawn. ## Topics - Personal Finance - Money & Finance markdown