A deficit in a bank account caused by drawing more money than the account holds.
She was charged a fee for her overdraft when she spent more than her account balance.
An agreement with a bank allowing a person to withdraw more money than they have in their account, up to a certain limit.
He arranged an overdraft with his bank to cover unexpected expenses.
overdraftadjective
Relating to or associated with an overdraft, especially describing fees, protection, or limits connected with withdrawing more than the available balance.
Overdraft fees can accumulate quickly if the account remains in the red.
overdraftverb
To withdraw more money from a bank account than is available, resulting in a negative balance.
She accidentally overdrafted her account by making a large purchase without checking her balance first.