overdraft

Meanings

1. 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. 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.

From over- + draft.

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