overdraft
/ˈoʊvərˌdræft/
noun
- An arrangement with a bank that allows you to withdraw more money than you have in your account, up to a limit.
- My bank approved an overdraft of $500.
- The student account comes with a free overdraft.
- He used his overdraft to pay for an unexpected car repair.
- The amount of money you owe the bank when you have taken out more than your account balance.
- She had an overdraft of $200 at the end of the month.
- He paid off his overdraft with his first paycheck.
- The bank charges interest on your overdraft.
Synonyms