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From The Collaborative International Dictionary of English v.0.48:
Overdraw \O`ver*draw"\, v. t. [imp. Overdrew; p. p. Overdrawn; p. pr. & vb. n. Overdrawing.] 1. To exaggerate; to overdo. [1913 Webster] 2. (Banking) To make drafts upon or against, in excess of the proper amount or limit; to draw more than the balance in one's account. [1913 Webster +PJC]