overextend Meaning in the Cambridge English Dictionary
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Meaning of “overextend” in the English Dictionary

"overextend" in Business English

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overextendverb [I or T]

uk   us   /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 ​mortgagecommitments and now face difficulties.overextend yourself Borrowers overextend themselves in refinancing to ​coverunforeseenexpenses.
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 ​rejectsopportunities that he ​thinks would overextend the firm's ​resources.
(Definition of overextend from the Cambridge Business English Dictionary © Cambridge University Press)
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