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: an amount exceeding a certain sum or quantity: as
a : a percentage of the amount of sales grossed by a retail store that is paid under the terms of a lease in addition to a fixed rent
b : an amount by which a payment or cost exceeds an expected or budgeted amount
c : surplus
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.