OVERDRAFT


Meaning of OVERDRAFT in English

ˈ ̷ ̷ ̷ ̷ˌ ̷ ̷ noun

Etymology: from overdraw, after English draw : draft

1.

a. : an act of overdrawing at a bank or the state of being overdrawn ; also : the sum overdrawn

an overdraft results when a note discounted at a bank is not met when due

b. : the act, process, or an instance of drawing on or off too much

a mounting overdraft in the use of available sweet water — W.A.Ulman

2.

[ over (III) + draft ]

: a draft or current of air passing over a fire in a furnace

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.