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Meaning of overdraft

Source language: EnglishDictionary language: English

overdraft

Pronunciation:/ˈəʊvədɹɑːft//ˈoʊvɚdɹæft/

noun

Definitions

  1. The act of overdrawing a bank account.

  2. The amount overdrawn.

    Example: I have an overdraft of £1234.

  3. The maximum amount that may be overdrawn.

    Example: The bank have given me an overdraft of $2000.

  4. The extraction of groundwater from an aquifer beyond the safe yield or equilibrium yield.

verb

Definitions

  1. To extract groundwater from (an aquifer) beyond the safe yield or equilibrium yield.