overpayment

noun

over·​pay·​ment ˌō-vər-ˈpā-mənt How to pronounce overpayment (audio)
plural overpayments
: payment that exceeds what is necessary
overpayment of taxes
… implemented electronic payrolls for all employees to prevent overpaymentJocelyn Brumbaugh
also : an amount that is paid in excess
… two taxpayers could not get refunds of tax overpayments dating back more than four years … Samantha McCaughren

Examples of overpayment in a Sentence

Recent Examples on the Web Maybe to a form of tax fraud (a curious kind that somehow ended with an overpayment to the federal government). Ross Douthat, The Mercury News, 21 May 2024 This year’s version is another rob-Peter-to-pay-Paul maneuver that would remove $8.8 billion in overpayments of state aid from previous years from the budget and treat it, in effect, as a off-the-books loan to be written off over five years. Dan Walters, Orange County Register, 21 May 2024 As was exposed late in 2023, SSA has a history of overpayments of benefits that (while small in overall percentage) are devastating when those overpayments are collected using all-or-nothing rules that ignore basic equity and good conscience. David Camp, Baltimore Sun, 3 May 2024 Embracing radicalism And 65 million Medicare enrollees, and traditional Medicare, are threatened by Medicare Advantage plans that receive billions of dollars in overpayments annually while delaying and denying care. Letters To The Editor, The Mercury News, 6 May 2024 The company's bankruptcy filing lists 30 creditors who are owed a total of more than $500 million, including the U.S. government, which is owed more than $32 million to the federal government in reimbursements for insurance overpayments. Matt Schooley, CBS News, 6 May 2024 The state agencies’ letter alleged that West Springs and owner Mind Springs Health had benefited from more than $13 million in Medicaid overpayments over two years, but still failed to balance their books. Meg Wingerter, The Denver Post, 1 May 2024 The state audit painted a bleak picture of how an often chaotic California Employment Development Department has dealt with the overpayments. David Lightman, Sacramento Bee, 18 Apr. 2024 In 2018, its Office of Inspector General found the value of the overpayment could be worth up to $111 billion. Jacob Bogage, Washington Post, 15 Apr. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'overpayment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1585, in the meaning defined above

Time Traveler
The first known use of overpayment was in 1585

Dictionary Entries Near overpayment

Cite this Entry

“Overpayment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/overpayment. Accessed 29 May. 2024.

Legal Definition

overpayment

noun
over·​pay·​ment
ˈō-vər-ˌpā-mənt
: payment in excess of what is due

More from Merriam-Webster on overpayment

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