Longman Dictionary of Contemporary English homepage

overspend

 verb
     
o‧ver‧spend past tense and past participle overspent [intransitive and transitive]
to spend more money than you can afford:
The hospital has overspent its budget by £70,000.
—overspend noun [countable]
an overspend of £200,000
Definition from the Longman Dictionary of Contemporary English
Advanced Learner's Dictionary.

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