What is the meaning of OVERDRAFT?

Is, a. A draft in excess of the credit balance within an account; or b. A facility (usually at a bank or other financial institution) enabling an account holder to borrow up to an agreed amount and often for an agreed time.

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APABarry Goldsmith. (2010). overdraft. Retrieved September 20, 2026, from http://smartdefine.org/overdraft/definitions/1160002
ChicagoBarry Goldsmith. 2010. "overdraft" http://smartdefine.org/overdraft/definitions/1160002 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, overdraft, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/overdraft/definitions/1160002>.
MLABarry Goldsmith. "overdraft" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/overdraft/definitions/1160002>
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