overspend noun 1verb 1forms 3 noun1 •The amount by which someone or something is overspent.Electrification was not included in anticipated CP6 spending, after cost uncertainties following the Great Western Main Line overspend led to cutbacks by the Department of Transport to contain costs. — 2021 verb1 •To spend too much money; especially, to spend more than one earns.To get out of debt, first keep a budget and be careful not to overspend. formsoverspent · overspending · overspends