Meaning of “overage” in the English Dictionary

british dictionary

"overage" in Business English

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overagenoun [ S ]

uk /ˈəʊvərɪdʒ/ us

COMMERCE, ACCOUNTING an amount of something that is more than the amount wanted or needed:

We have at least 1,000 unsold units and insufficient warehouse facilities to store the overage.
The fund showed an overage of several thousand pounds at the end of the quarter.

(Definition of “overage” from the Cambridge Business English Dictionary © Cambridge University Press)

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