Overdraft (noun)

An amount of money that is withdrawn from a bank account exceeding its available funds, often with a fee.

Origin:

The word 'overdraft' comes from the verb 'overdraw', meaning to withdraw more money than one has in a bank account, and the noun suffix '-draft', meaning a written order for payment.

Examples:

1. She incurred a hefty overdraft fee after mistakenly overdrawing her account.
2. He applied for an overdraft facility to cover unexpected expenses.
3. The bank notified her of the overdraft and requested immediate repayment.
4. She was careful to avoid overdrafts by keeping a close eye on her account balance.
5. The small business took out an overdraft to pay for new equipment.