overshoot vs wave-off

overshoot and wave-off both are nouns.

Word	Noun	Adjective	Verb	Adverb
overshoot	Yes	No	Yes	No
wave-off	Yes	No	No	No

As nouns, overshoot and wave-off are synonyms defined as:

overshoot and wave-off: an approach that fails and gives way to another attempt

Other synonyms of overshoot include go-around.

overshoot (noun)	wave-off (noun)
an approach that fails and gives way to another attempt	an approach that fails and gives way to another attempt

overshoot (verb)	wave-off (verb)
aim too high
shoot beyond or over (a target)