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In financial terms, to overdraw is to transfer more money than a demand account contains. This is typically in the form of an "overdrawn" checking account, where the account holder has written checks whose value exceeds the account balance (for any of several reasons). This can result in checks being refused and left unpaid, and/or the payment of penalty fees by the check writer.

In Archery, it means pulling the bowstring back too far.

In communication, it can also mean to exaggerate, and thereby spoil the effect of a story or anecdote.

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10y ago
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8y ago

It has several meanings. In finance, it means that you take more money out of an account, than you have in that account. That means that you end up owing the bank money. Check Wiktionary for additional meanings of the word.

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Q: What does overdraw mean?
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Related questions

What are synonyms for the word exaggerate?

overdraw, misrespect


Is it possible to overdraw a checking account using a debit card?

Yes a lot of people tend to overdraw their checking account because they do not know how to balance their checkbook.


What is the past perfect form of you overdraw?

"You had overdrawn" is past perfect.


What are the advantages of a current account?

you can't overdraw e.g get into dept.


What can happen if you overdraw a bank account?

You may be charged an overdraft fee.


Can you overdraw on a prepaid master card?

You should not be able to. If the purchase should be refused.


Can you overdraft 300 at a ATM on prepaid card?

You cannot overdraw a pre-payment card.


Can you overdraw on a credit card?

Yes, but the card issuing bank would charge you over limit fee and other additional fees if you exceed your credit limit


Can you withdraw money if you don't have any in your account?

Yes. It is called an "overdraw". It is the banks money, and the bank will charge you an extra fee of anywhere from 10$-40$ every time it happens.


What if i overdraw my checking account after chapter 13 bankruptcy?

Writing bad checks is a criminal act..it can be a felony (depending on the amount)...the prior BK is irrelevant to future actions anyway.


Where can one obtain a free overdraft?

Most banks offer free overdraft protection on your checking account. There is no charge for having it however if you do overdraw your account you will be charged interest on the amount that you have overdrawn.


Where is starter relay on 86 Toyota Celica?

The starter relay on an 86 Toyota Celica is used to provide power to the starter when the engine is cranked. It also prevents damage as a result of overheating or overdraw.