noun an excess of something, especially in relation to a specified amount
In real estate, overage refers to the surplus amount of money paid by a buyer in case of a property sale exceeding the agreed-upon price.
In insurance, overage refers to the amount paid by the insured individual that exceeds the coverage provided by the policy.
In accounting, overage refers to the difference between the actual amount spent and the budgeted amount for a particular expense category.
In retail, overage refers to the excess inventory or stock that exceeds the expected or desired quantity.
In telecommunications, overage refers to the additional charges incurred when a user exceeds the allotted data or usage limits in their plan.
In the publishing industry, overage refers to the additional payment made to an author when their book sells beyond a certain agreed-upon threshold.
In research studies, overage may refer to the demographic characteristic of participants being older than the average age of the population being studied.
In real estate transactions, overage can refer to the excess amount of money received by the seller when the final sale price exceeds the originally agreed-upon price.
In retail, overage can refer to excess inventory that a buyer may need to negotiate with suppliers to return or discount in order to prevent losses.
In finance, overage can refer to the surplus amount of funds or profits exceeding a certain threshold, which may need to be reinvested or allocated appropriately.