overpaying

5 definitions • 10 examples

to pay someone too much:

I felt I should tell my boss she'd overpaid me by $50.

disapproving Bankers are grossly overpaid for what they do.

to pay more than originally agreed when paying back a loan, in order to reduce the cost of the loan:

If you budget to overpay your mortgage on a regular basis, you can save a lot of money.

to make bigger payments than originally agreed when paying back a loan, in order to reduce the cost of the loan:

If you budget to overpay your mortgage on a regular basis, you can save a lot of money.

These loans allow you to overpay at any time.

overpay on sth We use any spare money to overpay on our mortgage.

to pay more than is necessary or more than the value of something:

Some part-time workers will overpay tax and will need to claim a rebate.

overpay for sth He said they did not overpay for the land based on comparable sales in the area.

to pay someone too much:

overpay sb by $50/10% etc I felt I should tell my boss she'd overpaid me by $100.

overpay sb for sth He claimed the deal would overpay the company for its electrical transmission grid.