surplus

American  

[sur-pluhs, -pluhs] / ˈsɜr plʌs, -pləs /

noun

1. something that remains above what is used or needed.

   Synonyms:

   superabundance

2. an amount, quantity, etc., greater than needed.

3. agricultural produce or a quantity of food grown by a nation or area in excess of its needs, especially such a quantity of food purchased and stored by a governmental program of guaranteeing farmers a specific price for certain crops.

4. Accounting.

   1. the excess of assets over liabilities accumulated throughout the existence of a business, excepting assets against which stock certificates have been issued; excess of net worth over capital-stock value.

   2. an amount of assets in excess of what is requisite to meet liabilities.

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adjective

1. being a surplus; being in excess of what is required.

   surplus wheat.

verb (used with object)

surplussed, surplused, surplussing, surplusing

1. to treat as surplus; sell off; retire.

   The government surplussed some of its desert lands.

surplus British  

/ ˈsɜːpləs /

noun

1. a quantity or amount in excess of what is required

2. accounting

   1. an excess of total assets over total liabilities

   2. an excess of actual net assets over the nominal value of capital stock

   3. an excess of revenues over expenditures during a certain period of time

3. economics

   1. an excess of government revenues over expenditures during a certain financial year

   2. an excess of receipts over payments on the balance of payments

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adjective

1. being in excess; extra

surplus Cultural  

1. An unsold quantity of a good resulting from a lack of equilibrium in a market. For example, if a price is artificially high, sellers will bring more goods to the market than buyers will be willing to buy. (Compare shortage.)

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Related Words

See remainder.

Etymology

Origin of surplus

First recorded in 1325–75; Middle English, from Old French surplus, s(o)urplus, from Medieval Latin superplūs, equivalent to super- preposition and prefix + plūs neuter noun; super-, plus

Example Sentences

Despite rising geopolitical tensions in January, however, the global oil market is still expected to see a supply surplus this year.

From MarketWatch

In the past five or six years the charity has seen an increase in schools wanting to be involved in redistributing surplus food, he explained.

From BBC

Archibald Monday outlined a few of her priorities to deliver value for shareholders, including plans for more cost savings and to develop surplus land near some of the steelmaker’s operations.

From The Wall Street Journal

China achieved a historic trade surplus of $1.2 trillion last year -- a key strong spot as consumer sentiment at home remained subdued.

From Barron's

January has seen a “repricing of geopolitical risk layered on top of a market that had grown far too comfortable with the surplus story,” said Stephen Innes, managing partner at SPI Asset Management.

From MarketWatch

Related Words

• excess
• leftover
• unused