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overage business definition
- For retail leases, payments in excess of base rent that are derived from a percentage of sales. For example, a retail store in a mall might pay the lessor $10,000 per month plus 2% of sales.
- Actual money or goods in excess of the amounts listed on the organization's books.
- The difference between the lowest price for a loan product and any higher price paid by a borrower. For example, an overage may be in the form of points.
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