Definition of overpayment in English:

overpayment

noun

mass noun
  • Payment in excess of what is due.

    ‘a refund for overpayment of tax’
    count noun ‘he received £20,000 in benefit overpayments’
    • ‘Most flexible mortgage lenders allow you to make overpayments by up to 10% each year.’
    • ‘And you can overpay on both mortgages: the first deal deal permits overpayment of 10% a year.’
    • ‘Steps are already being taken to recover the overpayment in full.’
    • ‘About 20 current firefighters are each owed about $1,000 due to similar pension overpayments that the district has not returned.’
    • ‘Altogether, 1.9 billion was sent out in tax credit overpayments, of which about 600 million was caused by computer or clerical errors.’
    • ‘A spokesman for HMRC said the current level of overpayment is less than half the level in the tax year ending 2004.’
    • ‘The Revenue Commissioners have been loathe to give any information on the matter of tax overpayments by PAYE workers.’
    • ‘In the cases of overpayment, the council can impose an administrative penalty, up to 30 per cent of the value of the overpayment.’
    • ‘The September overpayment can be deducted from the next spousal support payment made.’
    • ‘Look on credit card records to discover money hidden by an overpayment.’

Pronunciation

overpayment

/ˌəʊvəˈpeɪm(ə)nt/