overfund


Also found in: Financial.

overfund

(ˌəʊvəˈfʌnd)
vb (tr)
(Banking & Finance) to supply with too much money
Mentioned in ?
References in periodicals archive ?
If it hits its initial fundraising target, Hownd is willing to overfund up to a maximum of PS500k.
Max convinces Leo to form Bialystock and Bloom, a sham production company that will overfund a musical that is sure to be a flop, expecting the show to close after one horrible performance and allowing the pair to leave the country as millionaires before the investors catch on.
The latter overfund their policies by design in hopes of generating supplemental retirement income.
For instance, the contributor can not direct, overfund, or use the investment in the plan as security for a loan.
During the January 15, 1997, hearing on the proposed regulations, government representatives expressed concern that some foreign jurisdictions may permit taxpayers to overfund their plans, thereby enabling taxpayers to shield income-generating assets from the reach of U.S.
With six days left of its Crowdcube campaign, the plant-based soft drinks maker is continuing to overfund its campaign after surging past its PS180k target and has so far raised PS368k for a stake of around 13%, valuing the firm at PS2.5m.
With 24 days to go the firm campaign has already raised [pounds sterling]107,000 and is now looking to overfund.
For higher-income clients who are able to contribute more than the maximum pre-tax contribution, contributing additional after-tax dollars can allow them to "overfund" a Roth account at a later time.
A Senate committee passed a bipartisan bill that would stop corporations from having to overfund pension plans.
Thus, it is advantageous to "overfund" the credit-shelter trust with additional funds to produce a Federal death tax credit equal to the inheritance tax that would be owed.
Ian Barnes, Deloitte tax partner, said: "We worked closely with MHPA to implement a solution which immediately removes the pension scheme deficit, while also reducing the risk that the sponsor will overfund the scheme in future years.
The ability to save through a pension plan at before-tax rates of return provides incentives for owners of corporations to overfund pension plans and later to withdraw the excess assets, either through reversions or through lower future contributions.