overdraft

Definition

The amount by which withdrawals exceed deposits, or the extension of credit by a lending institution to allow for such a situation.

Use overdraft in a sentence

I made sure to have some overdraft protection because that would help me out a lot with my feeling of safety.

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The customer had overdraft protection on her account, which is why she wrote the check to pay her bill, even though their wasn't enough in her account to cover it.

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Bank of America offers overdraft protection for their accounts, they transfer funds from your savings to cover any costs that exceed the money in your checking account.

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