1. a deficit in a bank account caused by drawing more money than the account holds
Usage: banking
2. a banking facility that allows an account holder to withdraw more money than is available in their account
Usage: banking

Examples

• The bank charged me a fee for the overdraft on my checking account.
• I went into overdraft when the automatic payment came through.
• The bank offers overdraft protection for a monthly fee.
• She applied for an overdraft facility to cover unexpected expenses.
• My account shows an overdraft of fifty dollars.
• The overdraft limit on this account is one thousand dollars.
• He was surprised to discover he had an overdraft after the rent check cleared.