SINCE 1828
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
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Merriam-Webster unabridged
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