👉 Overage is a term used in various fields, such as law, economics, and finance. It refers to an amount of money or assets that exceeds what is considered "available" or "appropriate." In accounting terms, overage can be defined as excess or surplus funds that are not available for use within the current year's budget. Overage may also refer to a situation where a company has exceeded its normal financial performance in comparison to other companies in the same industry.