surplus

Vocabulary Word

Definition

'Surplus' is about having more than what's needed. Usually, it's used in terms of money or goods. So, if a shop sells off all its stock but still has some left, that's a surplus.

Examples in Different Contexts

In nonprofit organizations, a 'surplus' can be allocated to expand programs and services. A nonprofit director might declare, 'Efficient budgeting has enabled us to create a surplus, which will be reinvested to extend our outreach and enhance our impact initiatives.'

Practice Scenarios

Academics

Scenario:

With the generous donation, our library is overflowing with textbooks. We need to consider how best we can utilise this abundance.

Response:

With this surplus of textbooks, we could support schools in economically challenged areas.

Tech

Scenario:

We have a number of unused laptops after shifting most of our team to home based work. Maybe they can be put to good use elsewhere.

Response:

You're right, we have a surplus of hardware. We can consider donating them to local schools to enhance their IT infrastructure.