to overdraw

1 definition found

to overdraw - Bouvier's Law Dictionary, Revised 6th Ed (1856) :

  TO OVERDRAW. To draw bills or cheeks upon an individual, bank or other 
  corporation, for a greater amount of funds than the party who draws is 
  entitled to. 
       2. When a person has overdrawn his account without any intention to do 
  so, and afterwards gives a check on a bank, the holder is required to 
  present it, and on refusal of payment to give notice to the maker, in order 
  to hold him bound for it; but when the maker had overdrawn the bank 
  knowingly, and had no funds there between the time the check was given and 
  its presentment, the notice is not requisite. 2 N. & McC. 433.