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English definition of “overcharging”

overcharging

noun [U]
 
 
/ˌəʊvəˈtʃɑːdʒɪŋ/
FINANCE, COMMERCE the practice of asking someone to pay more than the real price or value of a product or service: We have just released a report on overcharging by High Street banks.
(Definition of overcharging from the Cambridge Business English Dictionary © Cambridge University Press)
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