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What are overages?

What are overages? Here are some definitions.

Noun
  1. plural of overage
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Examples
He also included raw materials costs only, skipping lading, storage, overages, and shrinkage.
Some have reduced their electric bills, while others receive monthly checks for their power overages, he said.
Also, overages must be built into supply estimates because there is always a need for a large reserve of items that wear out quickly, such as boots, jackets, and gloves.
This allows the region to make ongoing adjustments to advances in order to minimize funding shortages or overages at year end.
It should also be considered that these overages are derived from numbers reported by producers.
It's always a good idea to speak with your auto insurance carrier to see if you already have these overages.

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