Overdraft (Noun)
Meaning
A draft in excess of the credit balance.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The bank charged her a hefty fee for exceeding her account limit and incurring an overdraft.
- Due to an error in her accounting, she was shocked to find an overdraft of several hundred dollars on her statement.
- When he tried to make a purchase online, his card was declined because of a pending overdraft on his account.
- Nonetheless, after overdraft fees added to the original amount, she couldn't reconcile the final charges.
- Following several years of careful budgeting, she finally avoided an overdraft on her first major monthly bill cycle.