Overdraft

Pronunciation: /oʊvərdraft/

Definitions of overdraft

noun a deficit in a bank account caused by drawing more money than the account holds

Example Sentences

A1 I accidentally went into overdraft on my bank account.

A2 She was charged a fee for having an overdraft on her account.

B1 The bank offers overdraft protection for customers who qualify.

B2 He had to request an overdraft limit increase due to unexpected expenses.

C1 Managing overdrafts effectively is essential for financial stability.

C2 The company's financial report revealed a significant increase in overdraft fees.

Examples of overdraft in a Sentence

formal The customer incurred fees for going into overdraft on their checking account.

informal I accidentally went into overdraft last week and had to pay a fee.

slang I'm always in my overdraft, it's like a never-ending cycle.

figurative His emotions were in overdraft, constantly draining him of energy and positivity.

Grammatical Forms of overdraft

• past tense: overdrafted
• plural: overdrafts
• comparative: more overdraft
• superlative: most overdraft
• present tense: overdraft
• future tense: will overdraft
• perfect tense: have overdrafted
• continuous tense: is overdrafting
• singular: overdraft
• positive degree: overdraft
• infinitive: to overdraft
• gerund: overdrafting
• participle: overdrafted

Origin and Evolution of overdraft

First Known Use: 1731 year

Language of Origin: English

Story behind the word: The word 'overdraft' originated from the combination of 'over' and 'draft', where 'draft' referred to a written order for the payment of money.

Evolution of the word: Initially used in the banking context to refer to the act of withdrawing more money than is available in an account, the term 'overdraft' has evolved to also include lines of credit and other financial arrangements allowing individuals or businesses to borrow money temporarily.