Overdraft vs. Cheque

Overdraftnoun

(uncountable) The act of overdrawing a bank account.

Overdraftnoun

(countable) The amount overdrawn.

Overdraftnoun

(countable) The maximum amount that may be overdrawn.

Overdraftnoun

The extraction of groundwater from an aquifer beyond the safe yield or equilibrium yield.

Overdraftnoun

A series of flues in a furnace; the current of air forced through them.

Overdraftverb

(transitive) To extract groundwater from (an aquifer) beyond the safe yield or equilibrium yield.

Overdraftnoun

The act of overdrawing; a draft in excess of the credit balance; also, the amount or sum overdrawn.

Overdraftnoun

a draft in excess of the credit balance

Overdraft

An overdraft occurs when money is withdrawn in excess of what is on the current account. In this situation the account is said to be .

Chequenoun

A draft directing a bank to pay money to a named person or entity.

Chequenoun

See Check.

Chequenoun

a written order directing a bank to pay money;

Chequeverb

withdraw money by writing a check

Chequenoun

an order to a bank to pay a stated sum from the drawer's account, written on a specially printed form

Cheque

A cheque, or check (American English; see spelling differences), is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the drawer, has a transaction banking account (often called a current, cheque, chequing or checking account) where their money is held.