overpayment
/ˌoʊvərˈpeɪmənt/
noun
- An amount of money paid that is more than what was owed or required.
- If you make an overpayment on your taxes, the government will return the extra money.
- The bank discovered an overpayment on my loan and sent me a refund check.
- The customer demanded a refund for the overpayment caused by a billing error.
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