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Overdrawn: meaning, definitions and examples

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overdrawn

 

[ ˌoʊvərˈdrɔːn ]

Adjective
Context #1 | Adjective

finance situation

Overdrawn refers to a situation where a bank account balance falls below zero, indicating that more money has been withdrawn than is available in the account. This typically happens when withdrawals are made without sufficient funds to cover them. Being overdrawn can lead to overdraft fees, as banks may charge account holders for the privilege of borrowing money to cover the shortfall. It reflects poor financial management and can affect one’s credit rating if it becomes a frequent occurrence.

Synonyms

in deficit, negative balance

Examples of usage

  • She realized her account was overdrawn after checking her balance.
  • He was charged a fee because his account was overdrawn by several hundred dollars.
  • The bank informed me that my account had been overdrawn for two consecutive weeks.
  • Using an overdraft can be handy, but it's important not to get overdrawn often.

Translations

Translations of the word "overdrawn" in other languages:

🇵🇹 descoberto

🇮🇳 अधिक खींचा हुआ

🇩🇪 überzogen

🇮🇩 terlalu banyak menarik

🇺🇦 перевищений

🇵🇱 przekroczony

🇯🇵 オーバードローン

🇫🇷 découvert

🇪🇸 descubierto

🇹🇷 aşılmış

🇰🇷 초과 인출된

🇸🇦 مبالغ فيه

🇨🇿 převýšený

🇸🇰 prekročený

🇨🇳 透支

🇸🇮 prekoračen

🇮🇸 ofdrawinn

🇰🇿 артық тартылған

🇬🇪 გადაჭარბებული

🇦🇿 artıq çəkilmiş

🇲🇽 sobregirado

Etymology

The term 'overdrawn' originates from the combination of the prefix 'over-' meaning 'excessive' or 'beyond', and the verb 'draw', which in this context relates to drawing money from a bank account. The verb 'to draw' in a financial sense has roots in banking practices where withdrawing money is referred to as 'drawing funds'. The concept of being overdrawn has evolved alongside banking itself, particularly with the introduction of checks and debit cards, which allowed account holders to withdraw more money than they actually had. This has been a common practice in the last few decades, coinciding with a rise in consumer credit and spending habits that often lead individuals to spend beyond their means.

Word Frequency Rank

At rank #26,283, this word represents specialized academic or technical vocabulary. It's less frequently encountered but may be valuable in specific contexts.