overdraft

o·ver·draft

O0180500 (ō′vər-drăft′)n.1. a. The act of overdrawing a bank account.b. Abbr. OD or o/d The amount overdrawn.c. The maximum amount of credit extended to a customer.2. also o·ver·draught (-drăft′)a. A current of air made to pass over the ignited fuel in a furnace.b. A series of flues in a brick kiln designed to force air down from the top.c. The air so forced.

overdraft

(ˈəʊvəˌdrɑːft) n1. (Banking & Finance) a draft or withdrawal of money in excess of the credit balance on a bank or building-society cheque account2. (Banking & Finance) the amount of money drawn or withdrawn thus

o•ver•draft

(ˈoʊ vərˌdræft, -ˌdrɑft)

n. 1. an act of overdrawing a checking account. 2. a check overdrawn on an account. 3. the amount overdrawn. 4. an excessive drawing on or drawing off of something. 5. a draft made to pass over a fire. [1875–80]

Thesaurus

Noun

overdraft - a draft in excess of the credit balancebill of exchange, draft, order of payment - a document ordering the payment of money; drawn by one person or bank on another

Translations

透支透支额

overdraft

(ˈəuvədraːft) noun the amount of money by which a bank account is overdrawn. a large overdraft.透支额

overdraft

→ 透支zhCN

overdraft

Related to overdraft: Overdraft Facility

Overdraft

A check that is drawn on an account containing less money than the amount stated on the check.

The term overdraft is also used in reference to the condition that exists when vouchers or purchase orders are drawn in amounts exceeding the amount that has been appropriated or budgeted.

Cross-references

Commercial Paper.

overdraft

see BANK ACCOUNT.

overdraft

Overdraft

Provision of instant credit by a lending institution.

Overdraft

A situation in which a bank customer withdraws more from his/her account than he/she had previously deposited. For example, if an account holder has $1,000 in the account and withdraws $1,200, this is an overdraft of $200. The bank may or may not honor the overdraft, depending on its policies and the importance of the customer. Usually, however, an overdraft incurs a relatively steep penalty fee.

overdraft

A draft for more than the balance in the account on which the draft is drawn. A bank may honor an overdraft, depending on the importance of the customer and on prior arrangements (if any) to cover overdrafts. See also NSF check.

Overdraft.

An overdraft is a withdrawal from a bank account that exceeds the funds you have available.

If you overdraw your account and you have overdraft protection, the bank will transfer money up to the limit on your line of credit to your account to cover the withdrawal. Although you will pay interest on the amount the bank transfers to your account from your line of credit, it is likely to be less than the substantial fees you pay for each overdraft.

overdraft

a financial facility for advancing MONEY to an individual or business (the borrower) by a COMMERCIAL BANK, SAVINGS BANK etc. (the lender). An overdraft is a form of CREDIT which allows the borrower to withdraw as much money as required up to a prearranged total limit, whereupon interest is charged at a rate related to the base rate of interest on outstanding balances (see INTEREST RATE). In the case of businesses, overdraft facilities are often provided on an indefinite basis, thus providing the borrower with a continuous line of credit used mainly to finance WORKING CAPITAL requirements. See BANK LOAN.

overdraft

see BANK LOAN.

overdraft

o·ver·draft

overdraft

o•ver•draft

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Overdraft

Cross-references

overdraft

overdraft

Overdraft

Overdraft

overdraft

Overdraft.

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Words related to overdraft

noun a draft in excess of the credit balance

Related Words