Definition, Meaning & Synonyms
overbudget
adjective
/ˌoʊ.vɚˈbʌdʒ.ɪt/
Definition
Exceeding the allocated budget for a project or expense.
Examples
- The project was declared overbudget due to unexpected expenses.
- After reviewing the finances, the committee found that they had gone overbudget.
- It’s important to monitor expenses to avoid being overbudget.
Meaning
When the costs of a project surpass the planned or expected financial limit.
Synonyms
- Overspent
- In the red
- Overdrawn
