Overdraft

What is Overdraft?

The amount by which withdrawals exceed deposits, or the extension of credit by a lending institution to allow for such a situation.

PRETTY MUCH WHEN ONE OF THE BANK'S WORKERS IS STEALING YOUR MONEY.

MC Hammer: It seems i have overdrafted in my account.

Banker: It seems that your 1 bedroom apertment's rent was more than $500.

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Overdraft Edit Meaning