seegongsik

overdraft

FinanceLv.3 (800)noun
Definition

an amount of money withdrawn from an account beyond its available balance

Examples

Misreading the balance left an overdraft on the account.

The bank allowed a small overdraft to cover short-term cash gaps.

Collocations
a bank overdraftan overdraft feearrange an overdraft
Paraphrase
negative balanceoverdrawn amount
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