How Do You Spell OVERDRAWN?

1. The term "overdrawn" refers to a financial situation in which a person or entity has withdrawn more funds from a bank account than the available balance. It commonly occurs when the account holder makes transactions, such as writing checks, using a debit card, or initiating electronic transfers, without sufficient funds to cover the amount being taken out. This leads to a negative balance in the account, with the account holder essentially owing the bank or financial institution that holds the account.

   An overdrawn account typically incurs fees and penalties from the bank. These charges may be in the form of overdraft fees, which are imposed for each transaction that exceeds the available balance, or daily charges that accumulate as long as the account remains negative. The amount of fees and penalties can vary between banks or financial institutions.

   When an account becomes overdrawn, it is important to promptly deposit funds to bring the balance back to positive to avoid further penalties. Some account holders may have overdraft protection in place, which allows the bank to cover the overdrawn amount temporarily by advancing funds from a linked account, such as a savings or credit line. However, overdraft protection may also come with its own fees and interest charges.

   In summary, being "overdrawn" means having a negative balance in a bank account due to withdrawing more funds than the available balance, resulting in potential fees and penalties.

2. Exaggerated, as an overdrawn statement or description.

   Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Common Misspellings for OVERDRAWN

The word "overdrawn" can be divided into two parts: "over" and "drawn".

The term "over" comes from the Old English word "ofer", which generally meant "above" or "beyond". It has roots in the Proto-Germanic language.

The term "drawn" is the past participle of the verb "draw", which derives from the Old English word "dragan". "Dragan" had various meanings related to pulling, stretching, or dragging something along or into a different position or state.

So, when combined, "overdrawn" essentially means "drawn beyond" or "drawn excessively". In the context of finance or banking, it refers to a situation where a person has withdrawn more money than is available in their account.

Similar spelling words for OVERDRAWN

Conjugate verb Overdrawn

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