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English definition of “surplus”

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surplus

noun [C or U]
 
 
/ˈsɜːpləs/
an amount that is more than is needed: a surplus of sth The plant had a surplus of components.
ACCOUNTING, ECONOMICS the amount of money that you have left when you sell more than you buy, or spend less than you receive: The savings will create a surplus of a little more than $24 million. The overall gap continues to reflect a deficit in the trade of goods and a surplus in services. →  Compare deficit
in surplus used to describe a situation when a business or country has spent less money than it has received: This year the budget will be in surplus.
→  See also budget surplus , buyer's surplus , consumer surplus , structural surplus , trade surplus
(Definition of surplus noun from the Cambridge Business English Dictionary © Cambridge University Press)
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