Overdrew: meaning, definitions and examples
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overdrew
[ ˌoʊvərˈdruː ]
financial context
Overdrew is the past tense of the verb 'overdraw', which refers to the act of withdrawing more money from a bank account than is actually available. This can lead to an account being in a negative balance, often resulting in bank fees or charges. Overdrawing typically occurs in situations where individuals or businesses are unable to manage their funds adequately, leading to the need to withdraw beyond their current account balance. It can be a sign of financial distress or mismanagement, although sometimes it is done intentionally with an understanding of associated fees.
Synonyms
exceed, overdrawn, overextend.
Examples of usage
- I overdrew my account this month due to unexpected expenses.
- The bank notified me that I had overdrew multiple times last quarter.
- She realized she overdrew her funds while shopping on a tight budget.
Translations
Translations of the word "overdrew" in other languages:
🇵🇹 excedeu
🇮🇳 अधिक खींचा
🇩🇪 überzogen
🇮🇩 menarik lebih
🇺🇦 перевищив
🇵🇱 przekroczył
🇯🇵 引き出しすぎた
🇫🇷 découvert
🇪🇸 sobregiró
🇹🇷 aştı
🇰🇷 초과 인출하다
🇸🇦 تجاوز
🇨🇿 překročil
🇸🇰 prekročil
🇨🇳 透支
🇸🇮 presegel
🇮🇸 yfirteknir
🇰🇿 артық шығарды
🇬🇪 გადაჭარბა
🇦🇿 artıq çəkdi
🇲🇽 sobregiró
Etymology
The term 'overdrew' comes from the verb 'overdraw', which is a compound of 'over-' meaning 'beyond' or 'excessively', and 'draw' which refers to the act of taking money from a bank account. The prefix 'over-' is derived from Old English, which has its roots in Proto-Germanic. The verb 'draw' comes from the Old English 'dragan', which means 'to pull or drag'. Overdrawing has been a banking practice since the introduction of personal checking accounts in the 19th century. Its usage expanded with the rise of consumer banking services, allowing customers more flexibility in managing their finances, albeit with an inherent risk of accruing debt.