Overage

['əʊv(ə)rɪdʒ] or ['ovərɪdʒ]

(noun.) a surplus or excess of money or merchandise that is actually on hand and that exceeds expectations.

(adj.) too old to be useful; 'He left the house...for the support of twelve superannuated wool carders'- Anthony Trollope .

Edited by Andrea--From WordNet