1. To be larger, greater than (something).
    The company's 2005 revenue exceeds that of 2004.
  2. To be better than (something).
    The quality of her essay has exceeded my expectations.
  3. To go beyond (some limit); to surpass, outstrip or transcend.
    Your password cannot exceed eight characters.
  4. To predominate.
  5. To overdo.

The above text is a snippet from Wiktionary: exceed
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