1. to go beyond an intended target, limit, or destination
2. to spend more money than planned or budgeted

1. an act or instance of going beyond an intended target or limit

Examples

• The plane overshot the runway during landing.
• We overshot our budget by twenty percent.
• The arrow overshot the target and hit the fence.
• Don’t overshoot the exit on the highway.
• The company’s spending overshoot caused financial problems.
• The missile’s overshoot was caused by a navigation error.
• Try not to overshoot when you’re aiming at the basket.