(redirected from overdraught)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.


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.


Commercial Paper.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive ?
The pub, ironically named The Overdraught, is the first public house to make a million in the run-down borough of Hackney, East London.
If you have an oil sheik's overdraught and an understanding girlfriend, here's how.
The beer is being launched following focus groups and taster sessions with students, which helped refine OverDraught's recipe.