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overdraw

 
 
/ˌəʊvəˈdrɔː/ verb [I or T] (overdrew, overdrawn)

Definition

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 verb from the Cambridge Business English Dictionary © Cambridge University Press)

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