noun
- payments that are more than the correct or required amount
Usage: plural form of overpayment
Examples
- The company discovered several overpayments to suppliers last quarter.
- Tax overpayments will be refunded within six weeks.
- The accounting department is reviewing all overpayments from the past year.
- Insurance overpayments must be reported and returned promptly.
- The audit revealed overpayments totaling thousands of dollars.
- Customers who made overpayments will receive credit on their next bill.