Overdraft

Definition of Overdraft

O´ver`draft`
n.1.(Banking) The act of overdrawing; a draft in excess of the credit balance; also, the amount or sum overdrawn.

Related Words

arrear, arrearage, arrears, back debts, back payments, bankruptcy, bouncing check, bust, collapse, crash, default, deferred payments, deficit, deficit financing, dollar gap, failure, insolvency, insufficient funds, kited check, overdrawn account, receivership
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