overdraft


overdraft
over·draft /'ō-vər-ˌdraft/ n
1: the act or result of drawing on a bank account for more than the balance; also: the amount exceeding the balance in an overdraft
2: a loan or credit extended on a current account esp. to established or institutional customers

Merriam-Webster’s Dictionary of Law. . 1996.

overdraft
index deficit

Burton's Legal Thesaurus. . 2006


overdraft
n.
The condition of drawing more money out of an account than it has in it, such as by writing a check for too great an amount.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


overdraft
The amount by which withdrawals exceed deposits. It is an uncommitted loan facility; almost invariably on demand, that is capable of being required by the lending bank to be repaid (or reduced to zero) at any time, even if the borrower is not in default. In its proper use, it is really only a tool to aid cash flow management.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


overdraft
A check that is drawn on an account containing less money than the amount stated on the check.

Dictionary from West's Encyclopedia of American Law. 2005.


overdraft
A check that is drawn on an account containing less money than the amount stated on the check.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • overdraft — s.n. Ordin de plata către bancă a unei operaţiuni în lipsa temporară a mijloacelor băneşti în contul clientului. Trimis de emilia, 01.11.2004. Sursa: Neoficial  OVERDRAFT s. n. (fin.) restrângere a creditelor fără acoperire. (< engl.… …   Dicționar Român

  • Overdraft — O ver*draft , n. (Banking) The act of overdrawing; a draft in excess of the credit balance; also, the amount or sum overdrawn. [Webster 1913 Suppl.] …   The Collaborative International Dictionary of English

  • Overdraft — Overdraft. См. Скручивание листа вверх. (Источник: «Металлы и сплавы. Справочник.» Под редакцией Ю.П. Солнцева; НПО Профессионал , НПО Мир и семья ; Санкт Петербург, 2003 г.) …   Словарь металлургических терминов

  • overdraft — (n.) 1878, in the banking sense, from OVER (Cf. over) + DRAFT (Cf. draft) (n.) …   Etymology dictionary

  • overdraft — òverdraft m DEFINICIJA bank. 1. oblik bankovnog kratkoročnog kreditiranja prema ugovoru o dopuštenom prekoračenju u ugovorenom vremenu 2. svaki oblik prekoračenja ETIMOLOGIJA engl …   Hrvatski jezični portal

  • overdraft — ► NOUN ▪ a deficit in a bank account caused by drawing more money than the account holds …   English terms dictionary

  • overdraft — [ō′vər draft΄] n. 1. a) a withdrawal of money from a bank in excess of the amount credited to the drawer b) the amount withdrawn in excess 2. a draft, or current of air, passed over a fire, as in a furnace, or passing down through a kiln …   English World dictionary

  • Overdraft — I warn you, Sir! The discourtesy of this bank is beyond all limits. One word more and I I withdraw my overdraft! Cartoon from Punch Magazine Vol. 152, June 27, 1917 An overdraft occurs when money is withdrawn from a bank account and the… …   Wikipedia

  • overdraft — a form of loan by which a person with a trading bank current account is given permission to continue making drawings on the account up to an agreed limit, after the balance has been reduced to nil. Glossary of Business Terms Provision of instant… …   Financial and business terms

  • overdraft — UK [ˈəʊvə(r)ˌdrɑːft] / US [ˈoʊvərˌdræft] noun [countable] Word forms overdraft : singular overdraft plural overdrafts a) an agreement with your bank that allows you to spend money when you have no money left in your account overdraft limit (= the …   English dictionary