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Overdraw: meaning, definitions and examples

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overdraw

 

[ oʊvərˈdrɔː ]

Verb
Context #1 | Verb

banking limit

To overdraw means to withdraw more money from a bank account than is available, resulting in a negative balance. This can lead to overdraft fees and may affect one’s credit score if not managed properly.

Synonyms

overcharge, overextend, overreach

Examples of usage

  • She didn't realize she would overdraw her account by making that last purchase.
  • He was charged a fee because he overdrawn his checking account.
  • To avoid penalties, try not to overdraw your bank account.
  • She overdraws her account regularly due to impulsive spending.

Translations

Translations of the word "overdraw" in other languages:

🇵🇹 exceder

🇮🇳 अत्यधिक निकालना

🇩🇪 überziehen

🇮🇩 berlebihan

🇺🇦 перевитрачати

🇵🇱 przekroczyć

🇯🇵 オーバードラフト

🇫🇷 découvert

🇪🇸 sobregirar

🇹🇷 aşmak

🇰🇷 초과 인출하다

🇸🇦 سحب زائد

🇨🇿 překročit

🇸🇰 prekročiť

🇨🇳 透支

🇸🇮 prekoračiti

🇮🇸 yfirtekt

🇰🇿 артық тарту

🇬🇪 გადაჭარბება

🇦🇿 artıqlama

🇲🇽 sobregirar

Etymology

The term 'overdraw' comes from the combination of the prefix 'over-' meaning beyond or excessively, and the verb 'draw,' which in this context refers to the action of withdrawing money from an account. The use of 'draw' in banking contexts dates back to the 16th century when people would 'draw' money from their accounts, much like drawing water from a well. Over time, as banking systems and personal finance evolved, the act of over-drawing an account became more commonplace due to the increase in consumer credit and banking services. The practice of overdrawing an account can be traced to financial institutions allowing customers to have a negative balance under certain conditions, leading to regulations around overdraft protection and fees. This combination of historical banking practices and modern financial systems has shaped the current understanding and implications of the term 'overdraw'.

Word Frequency Rank

Ranking #37,696, this word is encountered relatively rarely in everyday English. It might appear in literary works or specialized texts but isn't essential for general communication.