Overpayment

Pronunciation: /ˈoʊvərˌpeɪmənt/

Overpayment (noun)

  1. Money paid that is more than the required amount.
  2. An amount paid in error, later returned or deducted from what is owed.

Examples

  • The overpayment happened when the bill was calculated twice.
  • She noticed an overpayment after checking the receipt carefully.