What is another word for overdrafts?

Pronunciation: [ˈə͡ʊvədɹˌafts] (IPA)

Overdrafts are a common financial term used to refer to the amount of money withdrawn from a bank account beyond its available balance. However, there are several synonyms that can be used in place of the word "overdrafts." For instance, some people refer to overdrafts as negative balances, while others use the term deficit. In some cases, people may also refer to overdrafts as debt, arrears, or indebtedness. Additionally, words like shortfall, deficiency, and insufficiency can also be used to describe the same concept. Regardless of the terminology, it's important to manage bank accounts responsibly and avoid overdrafts whenever possible to avoid high fees and negative impacts on credit scores.

What are the paraphrases for Overdrafts?

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What are the hypernyms for Overdrafts?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the opposite words for overdrafts?

Overdrafts are a financial term that refers to the excess amount of money withdrawn from an account that exceeds the available balance. Some antonyms for the word 'overdrafts' could include 'credit,' 'surplus,' 'asset,' or 'balance.' Credit refers to the addition of funds into an account, such as receiving a loan or deposit. Surplus denotes the amount of money remaining in an account, meaning that the available balance is more than the withdrawn amount. Asset refers to the money or property that a person or organization owns or controls, which can be used to generate income or sell for cash. Balance indicates the agreement between the amount withdrawn and the available balance in the account.

What are the antonyms for Overdrafts?

Usage examples for Overdrafts

But a banker naturally takes care not to allow overdrafts unless he has great confidence in his customer, or has received a guarantee of repayment from him or his friends.
"Political economy"
W. Stanley Jevons
I knew that if the bank began calling in overdrafts it might be my turn next.
"Further Foolishness"
Stephen Leacock
Therefore Tom's "overdrafts" remained in statu quo; likewise the penitentiary.
"A Forest Hearth: A Romance of Indiana in the Thirties"
Charles Major

Famous quotes with Overdrafts

  • I was as afraid as the next man in my time and maybe more so. But with the years, fear had come to be regarded as a form of stupidity to be classed with overdrafts, acquiring a venereal disease or eating candies. Fear is a child's vice and while I loved to feel it approach, as one does with any vice, it was not for grown men and the only thing to be afraid of was the presence of true and imminent danger in a form that you should be aware of and not be a fool if you were responsible for others.
    Ernest Hemingway

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