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English definition of “overspend”

overspend

noun [S]
 
 
 
 
/ˌəʊvəˈspend/ /ˈəʊvəspend/ UK
FINANCE an amount of money spent by an organization or person that is more than was planned or agreed: The auditor expressed concern at the council's overspend of €100 million.an overspend on sth The organization had attempted to conceal a huge overspend on its new headquarters. → Compare underspend noun
(Definition of overspend noun from the Cambridge Business English Dictionary © Cambridge University Press)
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