overrun

overrun definition - business

overrun

  1. Production greater than ordered or needed. An overrun may result from an error or because of concern that some units may be of unacceptable quality.
  2. Expenses that exceed the budget. A major cost overrun on a fixed-price government contract may result in the manufacturer losing money on the deal.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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