Meaning of the word overspend in English

What does overspend mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

overspend

US /ˌoʊ.vɚˈspend/
UK /ˌəʊ.vəˈspend/

Verb

to spend more money than you should:

Example:
The council seems likely to overspend this year.

Noun

an amount of extra money that is spent on something above the amount that should have been spent:

Example:
We're expecting to have a $5 million (budget) overspend this year.