Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “overpay”

See all translations

overpay

verb
 
 
/ˌəʊvəˈpeɪ/ (overpaying, overpaid, overpaid)
[I or T] FINANCE, BANKING 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.
[I or T] TAX, COMMERCE 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.
[T often passive] HR, COMMERCE 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.
→  Compare underpay
Translations of “overpay”
in Chinese (Traditional) 多付給…錢, 給…過高報酬…
in Chinese (Simplified) 多付给…钱, 给…过高报酬…
(Definition of overpay from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of overpay?
Add Cambridge dictionaries to your browser to your website

Definitions of “overpay” in other dictionaries

Word of the Day

comma

the symbol , used in writing to separate parts of a sentence showing a slight pause, or to separate the single things in a list

Word of the Day

Lies, lies, lies!

by Kate Woodford,
February 25, 2015
​​​ According to sociologists (=people who study the relationships between people living in groups), we are good at lying. As a species, we have developed a remarkable ability to deceive each other (= persuade each other that something false is true). Being able to say things that are not true can help with

Read More 

showrooming noun

February 23, 2015
the activity of examining a product in a physical store and then making the purchase with an online retailer Amazon’s new smartphone is specifically designed to make showrooming fast and easy.

Read More