Overpayment
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Overpayment is a noun meaning Payment exceeding the amount actually due.
Meaning
Payment exceeding the amount actually due.
Example Sentences
The employer sued to recover overpayment of wages.
The Social Security Administration announced Friday that it will no longer automatically withhold 100% of the overpayment amount from recipients’ monthly benefits. Instead, it will collect 10% – or $10, whichever is greater – to recover the overpayment. […] The Social Security Administration recovered more than $4.9 billion in overpayments in fiscal year 2023 but still ended the year with a total balance of $23 billion in uncollected payments.
Word Forms
- overpayments
Antonyms for overpayment
Common opposites include backlog, arrear, arrears.
Related Words
Related dictionary entries include excess, surplus, overdependence, too, amount, sum.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.