noun
- amounts that exceed what is expected, budgeted, or allowed
- additional charges or fees beyond the standard amount
Usage: business; accounting
Usage: business
Examples
- The project had significant cost overages that exceeded the original budget.
- We need to account for any overages in our quarterly financial report.
- The shipping overages were due to unexpected fuel price increases.
- Management is reviewing all budget overages from last year.
- The contract includes penalties for overages beyond the agreed limits.
- Inventory overages must be reported to the accounting department.