- In the context of project financing, the amount of capital expenditures or funding above the original estimate to complete the project. Bloomberg Financial Dictionary
* * *▪ I. overrun o‧ver‧run 1 [ˈəʊvərʌn ǁ ˈoʊ-] noun [countable]1. also cost overrun ACCOUNTING an occasion when something costs more to develop and produce than was originally planned, or the amount of money involved in this:
• The Pentagon is expecting overruns of as much as $2.6 billion on its cargo plane program.
• Almost from the start, the cost overruns were as staggering as the project itself.2. MANUFACTURING an extra quantity of things that is produced, which may not be needed:
• production overruns[m0] ▪ II. overrun o‧ver‧run 2 [ˌəʊvəˈrʌn ǁ ˌoʊ-] verb overran PASTTENSE [-ˈræn] overrun PASTPART [intransitive, transitive] ACCOUNTING MANUFACTURINGto cost more or continue longer than expected or intended:
• The health service ended up subsidising the venture because the costs overran.
• Businesses refused to commit themselves in case the project's costs overran its budget.
* * *Ⅰ.overrun UK US /ˌəʊvəˈrʌn/ verb [I] (overrunning, overran, overrun)► to continue past an agreed or expected limit, especially a finishing time or a cost: »
Analysts say the cost of the improvements are bound to overrun.overrun by 10 minutes/2 weeks/$1 million, etc. »
The 45 minutes allocated for the briefing overran by almost 30 minutes.Ⅱ.overrun UK US /ˈəʊvəˌrʌn/ noun [C or U]► the fact that something has cost more money or taken more time than planned, or the additional amount of money or time spent: »
He expects the department to cover this year's overrun by moving money from development.an overrun of sth »
We found projects had an average time overrun of 17%.
Financial and business terms. 2012.