overpayment

noun
over·pay·ment | \ ˌō-vər-ə-ˈpā-mənt \
plural overpayments

Definition of overpayment 

: 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, in the meaning defined above

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overpass

overpast

overpay

overpayment

overpeer

overpeopled

overperch

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Time Traveler for overpayment

The first known use of overpayment was in 1585

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More Definitions for overpayment

overpayment

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

Legal Definition of overpayment 

: payment in excess of what is due

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