overdraft

overdraft.

1. A withdrawal of money from a bank in excess of the balance on deposit. [Cases: Banks and Banking 150. C.J.S. Banks and Banking §§ 349–352, 358.]

2. The amount of money so withdrawn. — Abbr. OD; o/d.

3. A line of credit extended by a bank to a customer (esp. an established or institutional customer) who might overdraw on an account.

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词条贡献者

译者Mathew，国际知名法学院国际仲裁与争端解决专业，擅长翻译各种与美国国内仲裁相关的法律文件。