overpay Meaning in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “overpay” in the English Dictionary

"overpay" in British English

See all translations

overpayverb [T often passive]

uk   /ˌəʊ.vəˈpeɪ/  us   /ˌoʊ.vɚ-/ (overpaid, overpaid)
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 ​originallyagreed when ​paying back a loan, in ​order to ​reduce the ​cost of the loan: If you ​budget to overpay ​yourmortgage on a ​regularbasis, you can ​save a lot of ​money.
overpayment
noun [C or U] /-mənt/
She did not ​notice that she had ​received a ​salary overpayment.
(Definition of overpay from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"overpay" in Business English

See all translations

overpayverb

uk   us   /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 ​regularbasis, you can ​save a lot of ​money. These ​loansallow 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-timeworkers will overpay ​tax and will need to ​claim a ​rebate.overpay for sth He said they did not overpay for the ​landbased 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 ​electricaltransmissiongrid.
Compare
(Definition of overpay from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “overpay”
in Chinese (Simplified) 多付给…钱, 给…过高报酬…
in Chinese (Traditional) 多付給…錢, 給…過高報酬…
What is the pronunciation of overpay?
Add Cambridge dictionaries to your browser to your website
Word of the Day

forage

to go from place to place searching, especially for food

Word of the Day

Meerkat meme
Meerkat meme
by Colin McIntosh,
September 03, 2015
Meerkats are not new to popular culture (they appear in the folk tales of the San people of the Kalahari), but their arrival in the public’s consciousness, at least in the UK and the US, is a relatively recent phenomenon. Meerkats are small, sociable Southern African mammals that live in large family

Read More 

parklet noun
parklet noun
August 31, 2015
a public outdoor space that may be associated with a local business but where anyone can sit Pop-up cafes in NY are what’s actually called parklets in many other places around the country.

Read More