overdraft
overdraft — noun
- overdraftsingular
- overdraftsplural
1. an arrangement with a bank that lets you spend beyond the money currently availa
an arrangement with a bank that lets you spend beyond the money currently available in your account, or the extra amount the bank agrees to let you use.
When Pim's rent left her short, the bank approved a small overdraft.
approve a small overdraft
Christopher arranged an overdraft on his business account before buying new ovens.
arrange an overdraft on [account]
Amira's student account includes an overdraft of five hundred pounds during term time.
The adviser warned Jin that an overdraft should cover emergencies, not holidays.
- line of credit
broader borrowing arrangement; not always the same as a day-to-day current-account overdraft
- credit facility
more formal banking term for an arrangement that allows borrowing
- credit balance
money still available in the account instead of money borrowed from the bank
文法句型
have an overdraft
arrange an overdraft on [account]
an overdraft of [amount]
pay off an overdraft
用法筆記
Often used for an agreed bank facility or limit before you actually spend the extra money. Distinguish from sense 2, which refers to the money you already owe after the account goes below zero.
常見錯誤
2. the negative amount in a bank account after more money has been taken out or pai
the negative amount in a bank account after more money has been taken out or paid than was available there.
A gym fee pushed Ziad's account into overdraft the night before payday.
push an account into overdraft
After the repair bill, Antonia discovered an overdraft of eighty euros on Monday.
an overdraft of [amount]
Gita cleared her overdraft as soon as the tax refund arrived.
The app alerted Owen whenever his current account slipped into overdraft.
- negative balance
neutral term for an account that has dropped below zero
- overdrawn balance
more technical phrase that focuses on the account amount itself
- positive balance
an amount left in the account rather than money owed to the bank
- credit balance
banking term for money available in the account
文法句型
go into overdraft
be in overdraft
clear an overdraft
an overdraft of [amount]
用法筆記
Often appears after verbs like go into, slip into, clear, or pay off. Distinguish from sense 1, which names the permission or limit rather than the money already owed.