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English definition of “overextend”

overextend

verb [I or T]     /ˌəʊvərɪkˈstend/
FINANCE to spend too much money , or borrow more money than you can pay back: It is a sad fact that many people overextended their mortgage commitments and now face difficulties .overextend yourself Borrowers overextend themselves in refinancing to cover unforeseen expenses .
to try to do more work or other activities than you can manage : overextend yourself The fear of failure can lead young people to overextend themselves. He rejects opportunities that he thinks would overextend the firm's resources .
(Definition of overextend verb from the Cambridge Business English Dictionary © Cambridge University Press)
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