what do u mean by overdraft????

Thumbs- up to Khushboo for correct answer. 
Overdraft represents the negative bank balance. It is negative when the amount withdrawn from bank is more than the balance exists in the bank.
Bank provides overdraft facility to some of  its valuable customers.

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In simple language, overdraft means withdrawing amount in excess than your bank balance.

For ex - you have 100000 in your account but you can spend more than that up to a limit.

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