overdraw; overspend; draw in advance
Meanings
4 senses · 11 examplesverb
to overdraw (a bank account); to withdraw more than the deposit
formalA formal banking term; refers to an agreed-upon arrangement with the bank.
My credit card has an overdraft function.
The client applied for an overdraft limit.
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Overdrawing an account will incur fees.
verb
to overspend; for expenses to exceed income
neutralDescribes a personal, business, or governmental financial state.
I've overspent again this month; I need to spend less.
The company has been running a fiscal deficit for three consecutive years.
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A budget deficit is a serious problem.
verb
to draw (salary) in advance; to get an advance on wages
neutralCommon in an employment context when an employee needs money before payday.
To deal with an emergency, he drew an advance of one month's salary from his boss.
The company allows employees to draw an advance on their salary in cases of special hardship.
verb
to be overdrawn; to be overused; to be exhausted (metaphorically)
informalMetaphorical extension from financial meaning; describes extreme depletion of non-material resources like energy or health.
Working overtime continuously has left me physically exhausted.
Don't overdraw your health to make money.
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He is emotionally drained and needs time to recover.