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English definition of “overspend”

overspend

verb [I or T]     /ˌəʊvəˈspend/ (overspent, overspent)
FINANCE to spend more money than you have or more than was planned or agreed: Credit cards encourage people to overspend, he says.overspend on sth The company overspent on its advertising. There are penalties for federal officials who knowingly overspend their budgets. → Compare underspend verb
(Definition of overspend verb from the Cambridge Business English Dictionary © Cambridge University Press)
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