overlimit

[oh-ver-lim-it]

overlimit Definition

• 1. exceeding a limit or boundary
• 2. having a balance on a credit account that exceeds the approved credit limit

Using overlimit: Examples

Take a moment to familiarize yourself with how "overlimit" can be used in various situations through the following examples!

• Example

  The company's expenses are overlimit this month.

• Example

  I can't withdraw money from my account because it's overlimit.

• Example

  The noise level was overlimit and disturbed the neighbors.

overlimit Synonyms and Antonyms

Synonyms for overlimit

• excessive
• surpassing
• transcending
• outstripping
• overtopping

Antonyms for overlimit

• underlimit
• within limit

Phrases with overlimit

• overlimit fee

  a fee charged by a creditor when a borrower exceeds their credit limit

  Example

  I was charged an overlimit fee for exceeding my credit card limit.

• overlimit credit

  a credit account with a balance that exceeds the approved credit limit

  Example

  I can't use my credit card because I have an overlimit credit.

• overlimit balance

  the amount by which a credit account exceeds the approved credit limit

  Example

  I need to pay off my overlimit balance before I can use my credit card again.

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Summary: overlimit in Brief

The term 'overlimit' [oh-ver-lim-it] refers to exceeding a limit or boundary, such as expenses or noise levels. It also applies to credit accounts with balances that exceed the approved credit limit, resulting in fees and restrictions. Examples include 'The company's expenses are overlimit this month.' and 'I can't withdraw money from my account because it's overlimit.'