Legal Definitions - overplus

Definition: Overplus is another word for surplus, which means the extra or leftover amount of something. It can refer to:

• The remaining amount of something after the necessary amount has been used or taken.
• The excess of money earned over money spent.
• The funds that remain after a partnership has been dissolved and all its debts paid.
• The net worth of a corporation beyond the par value of its capital stock.

For example, if a company earns $100,000 in revenue but only spends $80,000 on expenses, it has a surplus of $20,000. This extra money can be used for investments, savings, or other purposes.

Another example is when a partnership is dissolved and there is money left over after all debts have been paid. This remaining amount is the overplus or surplus.

Overall, overplus or surplus refers to the extra or leftover amount of something, whether it's money, goods, or assets.