Looking for the meaning of the word OVERDRAFTS in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of OVERDRAFTS with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Overdraft
Speech Type: Noun
Audio Pronunciation:
Phonetic Spelling:
ˈəʊvədrɑːft
Dialects: British English
Definition:
a deficit in a bank account caused by drawing more money than the account holds
Short Definition:deficit in bank account caused by drawing more money than account holds
Examples:- when I left Cambridge I had a £900 overdraft
- customers will be given a guaranteed overdraft facility
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