Finesentence mobile logo
Sign in Login / Register

Overdrawing: meaning, definitions and examples

💳
Add to dictionary

overdrawing

 

[ oʊvərˌdrɔːɪŋ ]

Verb
Context #1 | Verb

banking, finance

Overdrawing refers to the act of withdrawing more money from a bank account than is available, resulting in a negative balance. This practice can lead to overdraft fees and potential damage to an individual's credit rating if it occurs frequently.

Synonyms

exceeding balance, overdrafting, overextension.

Examples of usage

  • She was charged an overdraft fee for overdrawing her account.
  • Many people avoid overdrawing by keeping track of their spending.
  • The bank offers overdrawing protection as a safety measure.
  • He found himself overdrawing frequently due to unexpected expenses.

Translations

Translations of the word "overdrawing" in other languages:

🇵🇹 descobrindo

🇮🇳 अधिक खर्च करना

🇩🇪 Überziehung

🇮🇩 penarikan lebih

🇺🇦 перевищення

🇵🇱 przekroczenie

🇯🇵 引き出しすぎ

🇫🇷 découvert

🇪🇸 sobregiro

🇹🇷 aşım

🇰🇷 초과 인출

🇸🇦 السحب الزائد

🇨🇿 převyšování

🇸🇰 prekročenie

🇨🇳 透支

🇸🇮 prekoračitev

🇮🇸 ofurdráttur

🇰🇿 артық шығару

🇬🇪 გადაცდა

🇦🇿 aşma

🇲🇽 sobregiro

Etymology

The term 'overdrawing' combines the prefix 'over-' meaning 'excessively' and the verb 'draw,' which in banking parlance means to withdraw money from an account. The word has its roots in Old English 'dragan,' meaning to pull or draw. 'Draw' has evolved in financial contexts to refer specifically to the action of taking funds from a bank account. As banking systems developed in the late 19th and early 20th centuries, the concept of maintaining a balance became critical, leading to regulations and terms that govern overdrawing accounts. Overdrawing has since become a common term in personal finance discussions, especially with the rise of consumer credit and technology that make tracking finances easier.

Word Frequency Rank

Ranking #39,878, 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.