- over the age fixed as a standard
- so old as to be of no use
Origin: over + -age
Used by arrangement with John Wiley & Sons, Inc.
- 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.
- 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.