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English definition of “overcharge”

overcharge

noun [C]     /ˈəʊvəˌtʃɑːdʒ/
FINANCE, COMMERCE a request for payment that is more than the real price or value of a product or service: They billed twice for internet services in the same year, resulting in an overcharge of $123,000. He disputed what he believed was a $10 overcharge on a car rental. → Compare undercharge
(Definition of overcharge noun from the Cambridge Business English Dictionary © Cambridge University Press)
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