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English definition of “overdraw”

overdraw

verb [I or T]
 
 
/ˌəʊvəˈdrɔː/ (overdrew, overdrawn)
BANKING to take more money out of a bank account than it contained: overdraw sth by $20/$200 etc. I overdrew my account by £50. Penalties are severe if you do overdraw.overdraw on sth It is not possible for children to overdraw on their accounts.
(Definition of overdraw from the Cambridge Business English Dictionary © Cambridge University Press)
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