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overage

Pronunciation: /ˈəʊvəɹˈeɪd͡ʒ/

The English word “overage” has 6 meanings listed here.

adjective

  1. Having an age that is greater than a stipulated minimum.
  2. Too old to be of use in a particular situation.

verb

  1. To have too long an aging process.

noun

  1. A surplus of inventory or capacity or of cash that is greater than the amount in the record of an account.
  2. Excess; a state of being more than it ought to be.
  3. Any additional sums payable following the purchase of land, calculated on a prearranged basis, on the occurrence of certain specified events that are deemed to increase the value of that land; usually in the context of the development and further sale of that land.

Etymology

From over- + age.

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Definitions are from Wiktionary, extracted by Kaikki.org, and are available under the CC BY-SA 4.0 licence.