overpayment

noun
over·​pay·​ment | \ ˌō-vər-ə-ˈpā-mənt How to pronounce overpayment (audio) \
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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Time Traveler for overpayment

Time Traveler

The first known use of overpayment was in 1585

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Cite this Entry

“Overpayment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/overpayment. Accessed 25 Nov. 2020.

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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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