o‧ver‧draft /ˈəʊvədrɑːft $ ˈoʊvərdræft/ noun [countable] British English
the amount of money you owe to a bank when you have spent more money than you had in your account:
a £250 overdraft
Many students have a free overdraft facility (=agreement with their bank to have an overdraft up to a particular limit).

[TahlilGaran] Dictionary of Contemporary English ▲

overdraft
noun
ADJ. enormous, huge, large | agreed, authorized | unauthorized | free We offer a free £400 overdraft.
bank
VERB + OVERDRAFT have | get, take out | run up The president ran up a huge overdraft during her year in office.
arrange | extend, give sb, offer (sb) | pay off | increase | reduce | exceed They exceeded their overdraft by £200,000.
OVERDRAFT + NOUN facility | limit

[TahlilGaran] Collocations Dictionary ▲

loan noun [countable] an amount of money that is borrowed, especially from a bank or company, which you agree to pay back by the end of a period of time:
We took out a loan to buy a new car.
He is paying back a $50,000 loan.
mortgage noun [countable] a large amount of money that someone borrows from a bank or company to buy a house:
Nick told me the mortgage on his apartment is worth about $90,000.
Anyone taking out a mortgage should be aware that interest rates can go up at any time.
It took my parents nearly thirty years to pay off their mortgage.
interest noun [uncountable] money that you pay for borrowing money, especially that you pay every year or every month at a fixed rate:
Credit companies charge huge amounts of interest.
What’s the interest on the loan?
overdraft noun [countable] British English the amount of money that you owe to bank when you have spent more money than you had in your account:
I left university with no job and a big overdraft.
20% of the bank’s customers regularly use their overdraft facility.
You have to pay a fee for unauthorized overdrafts.
debt noun [uncountable and countable] an amount of money that a person or organization owes:
The company now has debts of almost £2 million.
A lot of the money went towards paying his debts.
The family were $100,000 in debt (=they owed $100,000).
credit noun [uncountable] an arrangement with a shop or bank that allows you to buy something and pay for it later:
We bought the furniture on credit.
He had a credit limit of £7,000.

[TahlilGaran] English Thesaurus ▲