Outdrawn: meaning, definitions and examples
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outdrawn
[ ˌaʊtˈdrɔːn ]
financial context
Outdrawn refers to a situation where an account has been overdrafted or where a borrower has taken more money than what is available in a financial account. It typically signifies that expenses have exceeded the available balance, leading to a negative balance in the account.
Synonyms
deficit, negative balance, overdrawn.
Examples of usage
- I was outdrawn last month due to unexpected expenses.
- His account was outdrawn for several days before he managed to deposit more funds.
- Be cautious not to let your account become outdrawn.
- The bank charges fees for being outdrawn.
- She received a notification that her account was outdrawn.
Translations
Translations of the word "outdrawn" in other languages:
🇵🇹 retirado
🇮🇳 निकाला गया
🇩🇪 abgehoben
🇮🇩 ditarik
🇺🇦 виведено
🇵🇱 wycofany
🇯🇵 引き出された
🇫🇷 retiré
🇪🇸 retirado
🇹🇷 çekilmiş
🇰🇷 인출된
🇸🇦 مسحوب
🇨🇿 vytažený
🇸🇰 vybratý
🇨🇳 提取的
🇸🇮 umaknjen
🇮🇸 tekin
🇰🇿 алып тасталған
🇬🇪 ამოღებული
🇦🇿 çıxarılmış
🇲🇽 retirado
Etymology
The term 'outdrawn' originates from the prefix 'out-' which typically signifies a movement away from or beyond something, paired with 'drawn,' the past participle of 'draw,' meaning to pull or take. In financial terminology, 'draw' relates to the act of withdrawing funds from an account. The combination implies the act of pulling out more money than what is deposited or available, indicating over-expenditure. The evolution of this term coincides with the development of banking systems, where personal finance management became essential. Over time, as banking services expanded and more individuals engaged in financial transactions, the word 'outdrawn' gained prominence in both formal banking discourse and everyday conversation about personal finance.