noun
definition
Payment exceeding the amount actually due.
example
The employer sued to recover overpayment of wages.
Examples of overpayment in a Sentence
Yes, you have one calendar month from the date you are notified about he overpayment in which to make an appeal.
Paying back overpaid housing benefit We may ask either you or the person who received the payments to pay back the overpayment.
The appeal section may simply recalculate the overpayment at a higher level or discover further information which leads to a larger overpayment.
Once we have agreed the correct claim you will need to repay any overpayment of tax credits.
Overpayment of FICA entitles the individual or company to a refund of the amount overpaid.
Because of this, many taxpayers pay more than they anticipate owing and request a refund for any overpayment in their return.
Overpayment entitles you to a refund at tax time, but underpayment may subject you to penalties.