SURPLUS Meaning and
Definition
-
Surplus is a noun that refers to the excess or an overabundance of something, particularly in terms of quantity. It describes a situation where there is more of a particular item or resource available than is required, desired, or consumed. Surplus can apply to various contexts such as economics, finance, production, or even inventories.
In economics, surplus is often associated with a positive difference between the total supply and the total demand in a market. This surplus can result in a lower price as suppliers seek to sell the excess quantity. It is calculated by subtracting the demand from the supply or subtracting the costs from the revenue earned. Surplus is essentially an outcome of efficiency in production where the supply exceeds the demand.
In the financial realm, surplus generally refers to the excess of assets over liabilities. It indicates a positive balance in terms of financial resources or capital. Individuals, companies, or even governments who possess a surplus have additional resources beyond their immediate requirements or obligations.
Surplus can also be used to describe an excess of goods, commodities, or inventories, especially in relation to what is needed or commonly consumed. This excess inventory may result from overproduction, decreased demand, or an inability to sell or consume the goods in a timely manner.
Overall, surplus signifies an abundance or surplusage that goes beyond what is necessary, indicating a state of plenty.
-
That which remains over beyond what is wanted; excess; what remains of an estate after debts, &c., have been paid.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for SURPLUS *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for SURPLUS
Etymology of SURPLUS
The word "surplus" originated from the Latin term "superplus", which is a combination of the prefix "super", meaning "above" or "excessive", and the noun "plus", meaning "more". This Latin term evolved into the Old French word "surplus", retaining the same meaning of an excess or an amount that exceeds what is necessary. The word "surplus" was later adopted into English in the 14th century with the same meaning.
Similar spelling words for SURPLUS
