Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “overdraft”

overdraft

noun [C]
 
 
/ˈəʊvədrɑːft/ US   /ˈəʊvərˌdræft/ (also bank overdraft)
BANKING an amount of money that a customer with a bank account is temporarily allowed to owe to the bank, or the agreement which allows this: run up/have an overdraft Research shows that 58% of students have an overdraft. I paid off my overdraft as soon as I got my pay cheque. We have an overdraft facility of £500 with our bank. an overdraft fee/rate/charge a free/interest-free overdraft
(Definition of overdraft from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of overdraft?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “overdraft”

Definitions of “overdraft” in other dictionaries

Word of the Day

give the green light to sth

to give permission for someone to do something or for something to happen

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More