excess
noun
uk/ɪkˈses/ us [ S or U ]
an amount that is more than is needed, expected, or acceptable:
If you retire having saved more than £1.4m you will face a one-off 33% tax charge on the excess.
Any excess over these expenses represents profit attributable to shareholders.
excess of sth There is still, in many industries, an excess of productive capacity.
[ S ] INSURANCE UK (US deductible)
a part of the cost of an accident, injury, etc. that you agree to pay yourself when you buy insurance:
Cover would cost £239 a year with a £75 excess, or £215 a year with a £250 excess.
excess on sth The policy carries a £40 excess on most claims.
in excess of
more than:
Last year he earned in excess of $3 million.
The Fund will not borrow money in excess of one-third of the value of its net assets.
excess
adjective [ before noun ]
uk/ɪkˈses/ usmore than is needed, expected, or acceptable:
Rents may be lower than ownership costs, meaning renters can invest the excess cash.
The machine can generate electricity using excess heat that would otherwise be wasted.