/ˌəυvə'peɪ/ verb
1. to pay too much to someone or for something
We overpaid the invoice by $245.
2. to pay an extra amount to reduce the total capital borrowed on a mortgage

Dictionary of banking and finance. 2015.

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  • overpay — o‧ver‧pay [ˌəʊvəˈpeɪ ǁ ˌoʊvər ] verb overpaid PTandPP 1. [intransitive, transitive] HUMAN RESOURCES to pay someone more than they deserve or are owed: • The effect of the tax change is that a lot of people will overpay and will then have to claim …   Financial and business terms

  • Overpay — O ver*pay , v. t. [imp. & p. p. {Overpaid}; p. pr. & vb. n. {Overpaying}.] 1. To pay too much to; to reward too highly. [1913 Webster] 2. To pay too much for; as, to overpay the loan balance. [PJC] …   The Collaborative International Dictionary of English

  • overpay — ► VERB (past and past part. overpaid) ▪ pay too much …   English terms dictionary

  • overpay — [ō΄vər pā′, ō′vər pā΄] vt., vi. overpaid, overpaying 1. to pay too much, or more than (the due amount) 2. to pay too much to (someone) overpayment n …   English World dictionary

  • overpay — [[t]o͟ʊvə(r)pe͟ɪ[/t]] overpays, overpaying, overpaid VERB If you overpay someone, or if you overpay for something, you pay more than is necessary or reasonable. → See also overpaid [V n to inf] Absurdly, the EC makes shoppers overpay farmers to… …   English dictionary

  • overpay — UK [ˌəʊvə(r)ˈpeɪ] / US [ˌoʊvərˈpeɪ] verb Word forms overpay : present tense I/you/we/they overpay he/she/it overpays present participle overpaying past tense overpaid UK [ˌəʊvə(r)ˈpeɪd] / US [ˌoʊvərˈpeɪd] past participle overpaid 1)… …   English dictionary

  • overpay — verb Overpay is used with these nouns as the object: ↑tax …   Collocations dictionary

  • overpay — o|ver|pay [ˌəuvəˈpeı US ˌouvər ] v past tense and past participle overpaid 1.) [T] to pay someone more money than they deserve ≠ ↑underpay ▪ Most big companies continue to overpay their top executives. 2.) [I and T] to pay too much money for… …   Dictionary of contemporary English

  • overpay — overpayment /oh veuhr pay meuhnt, oh veuhr pay meuhnt/, n. /oh veuhr pay /, v.t., overpaid, overpaying. 1. to pay more than (an amount due): I received a credit after overpaying the bill. 2. to pay (a person) in excess. [1595 1605; OVER + PAY1] * …   Universalium

  • overpay — verb /ˈovəɻpeɪ/ To pay too much. Ant: underpay …   Wiktionary

  • overpay — (Roget s IV) v. Syn. pay too much, pay excessively, overcompensate, overrecompense, over reward, over remunerate, overreimburse, overyield, overexceed, oversettle, pay the Devil*. Ant. deceive*, deprive, cheat …   English dictionary for students

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