Overpayment (Noun)
Meaning 1
The act of paying too much.
Classification
Nouns denoting acts or actions.
Hypernyms
Related Words
Meaning 2
A payment larger than needed or expected.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company issued a refund to the customer due to an overpayment on their account.
- After reviewing the invoice, the client realized they had made an overpayment and requested a reimbursement.
- The tax authority notified the individual of an overpayment on their tax return and offered a refund option.
- The employee received an overpayment in their paycheck and was asked to return the excess amount.
- The bank apologized for the error that resulted in an overpayment on the customer's loan and corrected the balance.