overpay

American  

[oh-ver-pey] / ˌoʊ vərˈpeɪ /

verb (used with object)

overpaid, overpaying

1. to pay more than (an amount due).

   I received a credit after overpaying the bill.

2. to pay (a person) in excess.

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overpay British  

/ ˌəʊvəˈpeɪ /

verb

1. to pay (someone) at too high a rate

2. to pay (someone) more than is due, as by an error

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Other Word Forms

• overpayment noun
• unoverpaid adjective

Etymology

Origin of overpay

First recorded in 1595–1605; over- + pay ¹

Example Sentences

‘It’s been on the market for a year’: I’m under contract on a condo, but I’m worried I’m overpaying.

From MarketWatch

My trusty travel agent stepped in and tried to get me a credit for what I’d overpaid, but she said the cruise line wouldn’t budge beyond about $200 — far below what I expected.

From MarketWatch

The implication: Since these predictable trades can be replicated at low cost, investors are overpaying for them.

From Barron's

It’s actually a return of overpaid taxes, which is effectively an interest-free loan to the federal government.

From MarketWatch

Telecom expenses are another category where retirees often overpay without realizing it.

From MarketWatch