Surplus
/ˈsɜːrpləs/
Definitions
- (n.) The amount by which the quantity of something exceeds the demand or requirement.
The company reported a budget surplus at the end of the fiscal year.
- (adj.) Exceeding what is sufficient or required; excessive.
Surplus funds were allocated to community projects.
Forms
- surpluses
Related terms
See also
Commentary
In legal and financial drafting, distinguish clearly between 'surplus' and 'profit' to avoid ambiguity regarding sources and nature of excess funds.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.