IPA: /ˈoʊvərˌleɪt/
KK: /oʊvərleɪt/
Describing something that is excessively delayed or not on time.
The train was overlate, causing many passengers to miss their connections.
Overlate → It is formed from "over-" (meaning excessively) and "late" (from Old English "læt", meaning delayed or tardy). The word "overlate" means excessively late or beyond the expected time.
Think of being 'excessively' ('over-') 'delayed' ('late') — that's why overlate means being very late.