Overdrafted
/ˈoʊvərˌdræftɪd/
Definitions
- (adj.) Describes an account from which funds have been withdrawn beyond the available balance, resulting in a negative balance.
The account was overdrafted, leading to additional bank fees.
Related terms
See also
Commentary
Typically used to indicate the state of a bank account; overdrafted accounts often trigger fees or legal consequences under banking regulations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.