noun
- the practice of charging customers more than the correct or agreed-upon amount for goods or services
Usage: business; accounting
Examples
- The company was fined for systematic overbilling of its clients.
- An audit revealed widespread overbilling in the medical practice.
- The law firm faced a lawsuit over alleged overbilling of legal services.
- Software helps prevent overbilling by tracking actual hours worked.
- The contractor’s overbilling scheme was discovered during the investigation.
- New regulations aim to reduce overbilling in the healthcare industry.