o·ver·shoot

[v. oh-ver-shoot; n. oh-ver-shoot] verb, o·ver·shot, o·ver·shoot·ing, noun
verb (used with object)
1.
to shoot or go over, beyond, or above; miss: The missile overshot its target.
2.
to pass or go by or beyond (a point, limit, etc.): to overshoot a stop sign.
3.
to shoot or pour down over: turbulent water overshooting the top of the dam.
4.
to overreach (oneself or itself); go further than is intended or proper; go too far: It looked as though his self-confidence had overshot itself.
5.
(of an aircraft or pilot) to fly too far along (a landing strip) in attempting to land.
verb (used without object)
6.
to fly or go beyond.
7.
to shoot over or above a mark.
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chat, to converse
to spend time idly; loaf.
noun
8.
a shooting beyond a specified point or target: two overshoots in the missile test series.
9.
the amount of excessive distance in a trajectory or route: a two-mile overshoot on the artillery range.

Origin:
1325–75; Middle English; see over-, shoot

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Based on the Random House Dictionary, © Random House, Inc. 2013.
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World English Dictionary
overshoot (ˌəʊvəˈʃuːt) [Click for IPA pronunciation guide]
 
vb , -shoots, -shooting, -shot
1.  to shoot or go beyond (a mark or target)
2.  to cause (an aircraft) to fly or taxi too far along (a runway) during landing or taking off, or (of an aircraft) to fly or taxi too far along a runway
3.  (tr) to pass swiftly over or down over, as water over a wheel
 
n
4.  an act or instance of overshooting
5.  the extent of such overshooting
6.  a momentary excessive response of an electrical or mechanical system

Collins English Dictionary - Complete & Unabridged 10th Edition
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Etymonline
Word Origin & History

overshoot
mid-14c., "to shoot, run, or pass beyond (a point or limit)," over + shoot (v.). In ref. to water-wheels, the adj. overshot "driven by water shot over from above" is attested from 1530s.
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Medical Dictionary

overshoot o·ver·shoot (ō'vər-sh&oomacr;t')
n.
A change from steady state in response to a sudden change in some factor, as in electric potential or polarity when a cell or tissue is stimulated.

The American Heritage® Stedman's Medical Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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Example sentences
Yes, the dollar looks cheap, but currencies often overshoot.
As in the financial markets, the political markets regularly overshoot in both
  directions.
The planes now had to move in the opposite direction to slow the ascent so the
  sub didn't overshoot and broach the surface.
Historically, exchange rates have tended to overshoot.
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