Related Words

Draft Choice: A player chosen by a professional sports team from a pool of college players in an annual draft.

Overdraft: An overdraft is a withdrawal from a bank account that exceeds the funds you have available. If you overdraw your account and you have overdraft protection, the bank will transfer money up to . . . View Full Definition

Overdraft Protection: Overdraft protection is a bank line of credit. It’s activated if you have insufficient funds to cover a check written against your account, up to a predetermined limit. As with other forms o . . . View Full Definition

No-Choice Rule: If a real estate transaction qualifies as an exchange, it must be treated as an exchange. An exchanger who qualifies for the 1031 tax-deferred exchange has no choice, they cannot recognize t . . . View Full Definition

Mock Draft: A 'fake' draft that is not played out during the season that often is used to help determine average drafted position. NFL.com does a number of mock drafts during the season to help give fan . . . View Full Definition

Forced-Choice: In test construction, used to define multiple-choice tests or questionnaires requiring the testee to choose an answer from a collection of possible answers. Also refers to a performance appr . . . View Full Definition

Medicare Choice MSAS: Accounts created by contributions from HCFA to pay out-of-pocket medical expenses for Medicare beneficiaries. The accounts are used in conjunction with high-deductible, catastrophic healthca . . . View Full Definition

Payable Through Drafts: A method of making payment that is used to maintain control over payments made on behalf of the firm by personnel in noncentral locations. The payer's bank delivers the payable through draft . . . View Full Definition

Personal Choice Dining: Princess cruise lines' term used to describe their onboard dining program whereby passengers have the freedom to choose where and when they dine.

Undrafted: A player who enters the NFL Draft but is not selected by any team in the draft's seven rounds. Undrafted players are free agents and can sign with whatever team he so chooses if that team is . . . View Full Definition