overage definition by Webster's New World
- over the age fixed as a standard
- so old as to be of no use
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.
a surplus or excess, as of goods
Origin: over plush -age
overage definition by American Heritage Dictionary
- An amount, as of money or goods, that is actually on hand and exceeds the listed amount in records or books.
- A surplus; an excess.
The American Heritage® Dictionary of the English Language, 4th edition Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
- Beyond the proper or required age.
- Older than usual for a particular position or activity.
- Too old to be of use or service: an overage vehicle.
overage - Business Definition
- For retail leases, payments in excess of base rent that are derived from a percentage of sales. For example, a retail store in a mall might pay the lessor $10,000 per month plus 2% of sales.
- Actual money or goods in excess of the amounts listed on the organization's books.
- The difference between the lowest price for a loan product and any higher price paid by a borrower. For example, an overage may be in the form of points.