Definition of Overdreft
O"ver*draft` (?), n. (Banking)
The act of overdrawing; also, the amount or sum
overdrawn.
O"ver*draft` (?), n. (Banking)
The act of overdrawing; also, the amount or sum
overdrawn.
- Webster's Unabridged Dictionary (1913)
- (uncountable) the act of overdrawing a bank account
- (countable) the amount overdrawn
I have an overdraft of £1234.
- (countable) the maximum amount that may be overdrawn
The bank have given me an overdraft of $2000.
- (US) An alternative spelling of overdraught.
- The Nuttall Encyclopedia
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The correct Spelling of this word is: Overdraft
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