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English definition of “cost overrun”

cost overrun

noun [C or U]
 
 
the fact of spending more money on a project than was planned in the budget, or the actual extra amount that is spent: The projected cost overrun on the new system is expected to be in the region of $500,000. They attempted to minimize the risk of cost overrun. huge/massive cost overruns
(Definition of cost overrun from the Cambridge Business English Dictionary © Cambridge University Press)
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