What is another word for overdrafts?
Pronunciation: [ˈə͡ʊvədɹˌafts] (IPA) 
Overdrafts are a common financial term used to refer to the amount of money withdrawn from a bank account beyond its available balance. However, there are several synonyms that can be used in place of the word "overdrafts." For instance, some people refer to overdrafts as negative balances, while others use the term deficit. In some cases, people may also refer to overdrafts as debt, arrears, or indebtedness. Additionally, words like shortfall, deficiency, and insufficiency can also be used to describe the same concept. Regardless of the terminology, it's important to manage bank accounts responsibly and avoid overdrafts whenever possible to avoid high fees and negative impacts on credit scores.
