Definition of Overage

an excess or surplus by which a sum of money is greater than previously estimated

Examples of Overage in a sentence

The teacher used real money to show students how to calculate an overage or excess funds.  🔊

Because she did not give the customer back the correct amount of change, the cashier’s register had an overage at the end of the night.  🔊

After discovering the overage, the bank teller looked for a manager to give the surplus funds.  🔊

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