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Vocabulary Entry
overdraft
|noun • verb
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N
noun
A situation in which a bank account has been allowed to become overdrawn.
Example Sentences
"She was charged a fee for her account being in overdraft."
"The bank notified him about his significant overdraft as he withdrew money."
"His overdraft amount was larger than he had anticipated, causing financial stress."
V
verb
To withdraw more money from a bank account than is available.
Example Sentences
"He often overdrafts his checking account when he forgets to track his spending."
"She accidentally overdrafted her bank account by using her debit card for purchases."
"The store clerk warned him that he might overdraft if he continued using his card."