Sometimes an explicit example works better for me than anything else. So here goes.
Consider the sum S=∑∞m=0m!xm. Typically one gets such a series in some perturbative expansion by expanding the integrand in some integral in some small parameter x. Otherwise, one carries out Borel resummation to obtain an alternate representation for S. This is a classic asymptotic series. Suppose we are interested in obtaining the sum when x=x0. Consider the partial sums SN=∑Nm=0m!xm0. The error in the truncation in an asymptotic series is given by the next term in the sequence, (N+1)! xN+10 in this case -- we can try to minimise the error by choosing N suitably. Using Stirling's formula for the factorial, and then minimising w.r.t. N, one sees that the error is minimum when N=N∗∼1/x0 and the error from this ∼e−1/x0. Truncating the asymptotic series at N∗ is called the superasymptotic truncation by Berry. This simple example teaches us a couple of things: (i) The truncation point gets larger as x0 gets smaller and (ii) The truncation error is non-analytic in x0.
In physical applications, x0, is typically some coupling constant. The truncation point (or the point where perturbation theory in x0 breaks down) could appear at some high order. The non-analytic behaviour in some cases (see comment by Andrew above) are typical of instanton contributions.