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We found 2 dictionaries that define the word overlimit:

General (2 matching dictionaries)
  1. overlimit: Wordnik
  2. overlimit: Wiktionary

Definitions from Wiktionary (overlimit)

adjective:  (finance) Having more money being charged on a credit card than what is available as credit.
adjective:  (rare) Going beyond the limits.
noun:  The state of going beyond the limits.
verb:  (finance) To have more money being charged on a credit card than usually available as credit.
verb:  (rare) To limit excessively; to restrict too much.

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