overpayment

noun over·pay·ment \ ˌō-vər-ə-ˈpā-mənt \
Updated on: 15 Nov 2017

Definition of overpayment

plural overpayments
: payment that exceeds what is necessary
  • overpayment of taxes
  • … implemented electronic payrolls for all employees to prevent overpayment
  • —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

First Known Use of overpayment

1585


Law Dictionary

overpayment

noun over·pay·ment \ ˈō-vər-ˌpā-mənt \

legal Definition of overpayment

: payment in excess of what is due

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