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overdraft
(redirected from overdraught)

    Also found in: Dictionary/thesaurus, Financial, Encyclopedia 0.01 sec.

A check that is drawn on an account containing less money than the amount stated on the check.

The term overdraft is also used in reference to the condition that exists when vouchers or purchase orders are drawn in amounts exceeding the amount that has been appropriated or budgeted.

Cross-references

Commercial Paper.

See also: deficit
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The club is trying to cut down its overdraught at the bank but I think the directors will still put up the collateral for any player the manager wants to get.
Football: DESMOND IN FOR THE LONG HAUL; ... and Lisbon Lion Gemmell ... by The Mirror (London, England)
Our activities usually consisted of 25 or so mad keepers marching through Largs like the Zulu army to the closest wee pub called the Overdraught.
Football: John Hillcoat by Sunday Mail (Glasgow, Scotland)
If you have an oil sheik's overdraught and an understanding girlfriend, here's how.
kelly s i: if it's new, if it's net, .. it's here by The Mirror (London, England)
 
 
 
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