overdraft C1 Topic:Money & 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 Common collocations overdraft credit Noun + noun Etymology AI details From over- + draft. Topics Money & Finance External links Cambridge Dictionary Wiktionary Google Images # 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 - Money & Finance markdown