overdraft in a sentence
n.
📚 Grade Level: Grade 10, Grade 11, Grade 12
Definition
Overdraft refers to a situation in which a bank account balance falls below zero, allowing the account holder to withdraw more money than is available, often resulting in fees.
Sample Sentences
- The bank charged her a fee for exceeding her overdraft limit.
- He was surprised to learn that his account had gone into overdraft after a few unexpected expenses.
- Managing an overdraft can be challenging, especially if you don't have a steady income.
- She applied for an overdraft protection plan to avoid penalties on her checking account.
- After reviewing his finances, he realized he needed to reduce his reliance on overdraft services.