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What does OVSP stand for?

OVSP stands for Overspeed

This definition appears somewhat frequently

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Other Resources:
We have 2 other meanings of OVSP in our Acronym Attic

Samples in periodicals archive:

In addition to engineering consulting services, Vortex Hydro offers specialized products in the Actuator valve series AC signal, Converter module model CS-1, and Tangential overspeed detector.
The R&I states that if the crew performed a successful overspeed governor check on the propeller in question, and the power lever for that engine has remained in flight idle since the successful check (which it had in our case), then it is mechanically impossible for the low pitch stop to be in a failed state.
Within two minutes, the autopilot disconnected and five seconds later, pilots began receiving spurious cockpit alarms and alerts about stalling and overspeed warnings, along with fluctuating airspeed and altitude readings.
Within two minutes, the autopilot disconnected and five seconds later, pilots began receiving spurious cockpit alarms and alerts about stalling and overspeed warnings, along with fluctuating airspeed and altitude readings.
The Gulf of Mexico accident has meant that oil and gas operating companies pay more attention to the generator set overspeed problem.