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Noun: overpayment  ,ow-vu(r)'pey-munt
  1. The act of paying too much
    "The company discovered an overpayment to a supplier and requested a refund"
     
  2. A payment larger than needed or expected
    "The customer received a refund for the overpayment on their utility bill"

Derived forms: overpayments

Type of: defrayal, defrayment, payment