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What (who) is overdrawn - definition
OCCURS WHEN MONEY IS WITHDRAWN FROM A BANK ACCOUNT AND THE AVAILABLE BALANCE GOES BELOW ZERO
Overdraft protection; Bounce protection; Overdraft Protection; Overdrawn; Playing the float; Overdraft fee; NSF fee; Unauthorised overdraft fee; Courtesy pay
Overdrawn
·p.p. of Overdraw.
overdrawn
If you are overdrawn or if your bank account is overdrawn, you have spent more money than you have in your account, and so you are in debt to the bank.
Nick's bank sent him a letter saying he was ?100 overdrawn...
ADJ: usu v-link ADJ
Overdrawn (horse)
AMERICAN-BRED THOROUGHBRED RACEHORSE
Overdrawn (foaled 1939) was an American Thoroughbred racehorse best known for winning three straight editions of the Jamaica Handicap.
Wikipedia
Overdraft
An overdraft occurs when something is withdrawn in excess of what is in a current account. For financial systems, this can be funds in a bank account. For water resources, it can be groundwater in an aquifer. In these situations the account is said to be "overdrawn". In the economic system, if there is a prior agreement with the account provider for an overdraft, and the amount overdrawn is within the authorized overdraft limit, then interest is normally charged at the agreed rate. If the negative balance exceeds the agreed terms, then additional fees may be charged and higher interest rates may apply.
Examples of use of overdrawn
1. Yet investors‘ worries, they say, are probably overdrawn.
2. "I‘m overdrawn by NIS 30,000 and my credit card has been canceled," he says.
3. Previously they were let off the first offence even if they were more than 10 overdrawn.
4. As such the deficit of Ł75 forced me overdrawn the following month.
5. The relationship ended when she found her bank account was overdrawn and called in the police.