Meaning of the word overdraw in English

What does overdraw mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

overdraw

US /ˌoʊ.vɚˈdrɑː/
UK /ˌoʊ.vɚˈdrɑː/

Verb

1.

to take more money out of your bank account than the account contains:

Example:
I overdrew my account by $20.
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