OVER DREW Meaning and
Definition
-
"Over drew" is a verb that refers to the act of withdrawing or taking out more money from a bank account than what is available in the account balance. A person "over draws" when they write a check, use a debit card, or make an electronic transfer for an amount that exceeds the funds available in their account, resulting in a negative balance.
This situation typically occurs when a person uses more money than they have in their account, spending beyond their available funds. Consequently, the bank will honor the payment or allow the transaction to go through, but the account holder will incur an "overdrawn" or "negative" balance. When an account is "overdrawn," it indicates that the account holder owes money to the bank, as the bank covered the deficit in available funds during the transaction.
Overdrawing an account can lead to various consequences such as incurring overdraft fees, penalties, or interest charges imposed by the bank. Additionally, it may negatively affect the account holder's credit score and banking relationship. Banking institutions often provide overdraft protection services, which allow account holders to link another account or line of credit to cover overdrafts, helping to avoid financial penalties.
In summary, "over drew" pertains to the action of withdrawing more money from a bank account than what is available, resulting in a negative balance and potential financial consequences for the account holder.
Common Misspellings for OVER DREW
- overdraw
- overdrew
- ovrdrew
- Overdruw
- over drawe
- iver drew
- kver drew
- lver drew
- pver drew
- 0ver drew
- 9ver drew
- ocer drew
- ober drew
- oger drew
- ofer drew
- ovwr drew
- ovsr drew
- ovdr drew
- ovrr drew
- ov4r drew
Etymology of OVER DREW
The word "overdrew" is derived from the combination of two separate words: "over" and "drew".
The term "over" is a preposition that dates back to Old English (ofer). It has origins in the Germanic language family, specifically from the Proto-Germanic word *ufara, meaning "beyond" or "above".
The word "drew" is the past tense of the verb "draw". "Draw" comes from Middle English (drawen) and has Old English origins as well (drāwan). Its roots can be traced back to the Germanic root *draw-, meaning "to pull" or "to drag".
When the two words are combined, "over drew" means the act of withdrawing or taking more money from a bank account or fund than what is available or possessed, resulting in a negative balance.
Infographic
Add the infographic to your website:
