Definition of “overcharge” - English Dictionary

“overcharge” in British English

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(Definition of “overcharge” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“overcharge” in Business English

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overchargeverb [ I or T ]

uk /ˌəʊvəˈtʃɑːdʒ/ us

FINANCE, COMMERCE to ask someone to pay more than the real price or value of a product or service:

The company denied it was using its dominant position in the market to overcharge customers.
overcharge sb (by) $10/10% etc. The shop overcharged me by €5.
Banks are able to overcharge because they have complicated tariffs that are difficult to understand.
overcharge for sth Some landlords habitually overcharge for insurance, building repairs, and services.

overchargenoun [ C ]

uk /ˈəʊvəˌtʃɑːdʒ/ us

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.
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(Definition of “overcharge” from the Cambridge Business English Dictionary © Cambridge University Press)