overdraft

The Oxford Pocket Dictionary of Current English

o·ver·draft / ˈōvərˌdraft/ • n. a deficit in a bank account caused by drawing more money than the account holds.


Find more facts and information related to the .
© The Oxford Pocket Dictionary of Current English 2008, originally published by Oxford University Press 2008.

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Three million for new bank account
; THE DEPARTMENT of Trade and Industry expects three million people to take out a basic bank account with the Post Office when they become available in 2003. The accounts, partially financed by the Government, are aimed at low income groups without a bank account.. Read more
Bank Account Opened in Angola to Collect Fund for
; A bank account named "Fao Telealimento" was opened...ceremony to mark the opening of the bank account, the Ministry of Fisheries put in 5...money in the account. All money in the bank account will be used in agricultural projects... Read more
Obopay and Yodlee Team to Bolster Bank Account Verification for Mobile Payments
; ...10-09-2007 Obopay and Yodlee Team to Bolster Bank Account Verification for Mobile Payments WIRELESS...2007-Obopay and Yodlee Team to Bolster Bank Account Verification for Mobile Payments (C...partnering with Yodlee to facilitate instant bank account verification, which lets Obopay ... Read more
Police failed to find cash link to luxury car An investigation into the bank account of a factory worker alleged to have conspired with her sister over a pounds36,000 Porsche revealed no significant cash withdrawals when the sports car was purchased.
; An investigation into the bank account of a factory worker alleged to...jury that he had examined Small's bank account and when the purchases of the...withdrawn the cash sums from her bank account. She had told them that she had... Read more
Do not let anyone use your personal bank account.(News)
; ...wanted to transfer money into my bank account because he is going through a divorce. I allowed him to use my bank account but noticed the deposits are getting...placed a burden on the banks and bank account holders to take measures to prevent... Read more
Fear factor sparks bank account snub.
; ...people in the West Midlands having a bank account, a survey revealed today. Research published...living a hard cash existence with no bank account at all. It was launched after the Government...the introduction of a basic type of bank account. Many high street banks now offer these... Read more
Vic: Police hunt bank account conman
; ...Australia) 07-05-2008 Vic: Police hunt bank account conman MELBOURNE, July 5 AAP - Detectives...for the theft of money from a victim's bank account have released an image of a man they...couple of thousand dollars" from the bank account in Melbourne's CBD in March this year... Read more
Bank Account Manager; applications. (Peachtree Software's Bank Account Manager accounting software) (product announcement)
; Bank Account Manager, from Peachtree Software, Norcross...Peachtree Complete III Accounting System. Bank Account Manager gives users the option of using...reconciliation or book-to-bank reconciliation. Bank Account Manager interrupts the reconciliation... Read more
Do you need collateral on your bank account?
; Is a bank account the safest place for your organization...in noting that an interest-bearing bank account is only insured by the Federal Deposit...course, your question assumes that a bank account insured by the FDIC is the safest... Read more
NT: Missing All Black leaves bank account for three weeks
; ...06-22-2001 NT: Missing All Black leaves bank account for three weeks By Rod McGuirk DARWIN...player Keith Murdoch had not used his bank account since vanishing in the Northern Territory...Police have been monitoring Mr Murdoch's bank account to determine where and when he makes... Read more

Related entries from encyclopedias, dictionaries, and thesauruses

overdraft
overdraft A loan made to a customer with a cheque account at a bank or...allowed to go into debit, usually up to a specified limit (the overdraft limit). Interest is charged on the daily debit balance. This...loan (providing the interest rates are the same) as, with an overdraft, credits are taken into ... Read more
round tripping
...make a profit by making use of a bank overdraft facility to deposit funds in the money market at rates that exceed the cost of the overdraft. The practice is frowned upon by banks...money market to fund their customers' overdrafts. This accounts for the name ‘round... Read more
loan account
...it has granted a loan, rather than an overdraft facility. The amount of the loan is...with the amount of the loan. With an overdraft facility, interest is only charged on the amount of the overdraft, which may be less than the full amount... Read more
Loan Guarantee Scheme
Loan Guarantee Scheme A UK government scheme that guarantees 70% of a company's overdraft for a 3% premium. The bank must accept the risk for the balance of 30%. Its purpose is to support small businesses. Read more
gold card
gold card A credit card that entitles its holder to various benefits (e.g. an unsecured overdraft, some insurance cover, a higher limit, lower interest rates) in addition to those offered to standard card holders. The cards are available only to those on higher-than-average incomes. Read more

For Students and teachers!

HighBeam Encyclopedia provides students and teachers facts, information, and biographies from verified, citable sources, including:

HighBeam Encyclopedia provides students and teachers facts, information, and biographies from verified, citable sources, including: