Overdraw

Defined in 5 dictionaries — Cyclopedic (1922), Ballentine's (1916), Black's (1910), Black's (1891), Abbott (1879)

The Cyclopedic Law Dictionary

Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

To obtain by bills or checks upon an individual, bank, or other depository, a greater amount of funds than the party who draws is entitled to.

Ballentine's Law Dictionary

James A. Ballentine · 1916

To draw from a bank by check a larger sum than one has deposited in the account. See 24 N. J. L. 478.

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

To draw upon a person or a bank, by bills or checks, to an amount in excess of the funds remaining to the drawer's credit with the drawee or to an amount greater than what ls due. The term "overdraw" has a definite and well-understood meaning. Money is drawn from the bank by him who draws the check, not by him who receives the money ; and it is drawn upon the account of the individual by whose check it is drawn, though it be paid to and for the benefit of another. No one can draw money from bank upon Ms own account, except by means of his own check or draft, nor can he overdraw his account with the bank in any other manner. State v. Stimson, 24 N. J. Law, 478, 484.

A Dictionary of Law

Henry Campbell Black · 1891

To draw upon a person or a bank, by bills or checks, to an amount In excess of the funds remaining tothe drawer'’s credit with the drawee, or to an amount greater than what is due. The term “overdraw” hae a definite and wellunderstood meaning. Money is drawn from the bank by him who draws the check, not by hir. who receives the money; and it is drawn upon the account of the individual by whose check it is drawn, though it be paid to and for the benefit of another, No one can draw money from bank upon his own account, except by means of his own cheek or draft, nor cau he overdraw his account with the bank in any other manner. 2 N. J. Law, 475, 484.

Dictionary of Terms and Phrases Used in American or English Jurisprudence

Benjamin Vaughan Abbott · 1879

To obtain more money from one's bank or depositary, by bill, check, or order, than the state of the account authorizes. Overdrawing: between banker and depositor shows a balance in the banker's favor, instead of in the depositor's, it is said to be overdrawn. Bouvier defines " overdraw " as meaning to draw bills or checks upon an individual, bank, or other corporation, for a greater amount of funds than the party who draws is entitled to. But we do not understand that to draw a bill or check, even though it is presented, constitutes overdrawing, unless money is paid out upon it in excess of the balance. Certainly, a bank account is not called overdrawn, unless too much has been paid out upon it. To draw one's check for too much, which the bank refuses to pay, may be an attempt to overdraw, nothing more. The term overdraw is not recognized or adopted by the lexicographers; but it has, nevertheless, a definite and well-understood meaning. Money is drawn from the bank by liim who draws the check, not by him who receives the money; and it is drawn upon the account of the individual by whose check it is drawn, though it be paid to and for the benefit of another. No one can draw money from bank upon his own account, except by means of his own check or draft, nor can he overdraw his account with the bank in any other man ner. State v. Stimson, 24 N. J. L. 478, 484.