overpayment
noun
over·pay·ment
ˌō-vər-ˈpā-mənt 
plural overpayments
: payment that exceeds what is necessary
overpayment of taxes
… implemented electronic payrolls for all employees to prevent overpayment …—
Jocelyn Brumbaugh
Jocelyn 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
Samantha McCaughren Examples of overpayment in a Sentence
Recent Examples on the Web
The state audit painted a bleak picture of how an often chaotic California Employment Development Department has dealt with the overpayments.
—David Lightman, Sacramento Bee, 18 Apr. 2024
In 2018, its Office of Inspector General found the value of the overpayment could be worth up to $111 billion.
—Jacob Bogage, Washington Post, 15 Apr. 2024
These retroactive cuts would acknowledge past overpayments that would need to be taken out of future payments.
—Christian Barnard, Orange County Register, 6 Feb. 2024
Last year, Del Mar, considered by most standards a very successful meet, had a purse overpayment of $2.1 million.
—John Cherwa, Los Angeles Times, 18 Jan. 2024
Most borrowers who made qualifying payments that exceeded the applicable forgiveness period of 20 or 25 years, will receive a refund for their overpayment, the Department of Education said.
—Medora Lee, USA TODAY, 20 Mar. 2024
Most overpayments are linked to the Supplemental Security Income program, which provides money to people with little or no income, who are disabled, blind, or at least age 65.
—Fred Clasen-Kelly, CBS News, 14 Mar. 2024
When selling goods, decline overpayments and request the correct amount instead.
—Grace Toohey, Los Angeles Times, 28 Feb. 2024
Under the tax code, the interest rate for overpayments and underpayments is set quarterly.
—Michelle Singletary, Washington Post, 23 Feb. 2024
David Lightman, Sacramento Bee, 18 Apr. 2024
In 2018, its Office of Inspector General found the value of the overpayment could be worth up to $111 billion.
—Jacob Bogage, Washington Post, 15 Apr. 2024
These retroactive cuts would acknowledge past overpayments that would need to be taken out of future payments.
—Christian Barnard, Orange County Register, 6 Feb. 2024
Last year, Del Mar, considered by most standards a very successful meet, had a purse overpayment of $2.1 million.
—John Cherwa, Los Angeles Times, 18 Jan. 2024
Most borrowers who made qualifying payments that exceeded the applicable forgiveness period of 20 or 25 years, will receive a refund for their overpayment, the Department of Education said.
—Medora Lee, USA TODAY, 20 Mar. 2024
Most overpayments are linked to the Supplemental Security Income program, which provides money to people with little or no income, who are disabled, blind, or at least age 65.
—Fred Clasen-Kelly, CBS News, 14 Mar. 2024
When selling goods, decline overpayments and request the correct amount instead.
—Grace Toohey, Los Angeles Times, 28 Feb. 2024
Under the tax code, the interest rate for overpayments and underpayments is set quarterly.
—Michelle Singletary, Washington Post, 23 Feb. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'overpayment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near overpayment
Cite this Entry
“Overpayment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/overpayment. Accessed 4 May. 2024.
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