overpayment

noun

over·​pay·​ment ˌō-vər-ˈpā-mənt How to pronounce overpayment (audio)
plural overpayments
: payment that exceeds what is necessary
overpayment of taxes
… implemented electronic payrolls for all employees to prevent overpaymentJocelyn Brumbaugh
also : an amount that is paid in excess
… two taxpayers could not get refunds of tax overpayments dating back more than four years … Samantha McCaughren

Examples of overpayment in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The national rate of overpayments for the 2023 fiscal year was 10.03, while 1.64 percent were underpaid. Paul Du Quenoy, Newsweek, 9 Dec. 2024 Now the system has been changed, those who receive social security payments are looking forward to seeing more of their money next year, despite any accidental overpayments previously. Thomas G. Moukawsher, Newsweek, 2 Dec. 2024 Any offer sheet thrown the Oilers’ way for Broberg was going to be an overpayment. Shayna Goldman, The Athletic, 13 Aug. 2024 Claimants and class members will be issued a new notice of their rights to request a waiver of overpayment before any collection activity occurs. Adrienne Roberts, Detroit Free Press, 29 Apr. 2024 See all Example Sentences for overpayment 

Word History

First Known Use

1585, in the meaning defined above

Time Traveler
The first known use of overpayment was in 1585

Dictionary Entries Near overpayment

Cite this Entry

“Overpayment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/overpayment. Accessed 22 Dec. 2024.

Legal Definition

overpayment

noun
over·​pay·​ment
ˈō-vər-ˌpā-mənt
: payment in excess of what is due

More from Merriam-Webster on overpayment

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