overshoot /ˌəʊvəˈʃuːt/ verb [I or T] (overshot, overshot)
› to go further or do more than necessary or expected: They didn't want to overshoot by laying off huge numbers of people and having to hire them back.
› FINANCE to spend more money than originally planned: Government spending continues to overshoot.overshoot (sth) by 10%/$10 million, etc. We overshot our budget this quarter by 12%. → Compare undershoot