Meaning of Overpayment | Babel Free

Definitions

Payment exceeding the amount actually due.

Equivalents

Examples

“The employer sued to recover overpayment of wages.”

“The Social Security Administration announced Friday that it will no longer automatically withhold 100% of the overpayment amount from recipients’ monthly benefits. Instead, it will collect 10% – or $10, whichever is greater – to recover the overpayment. […] The Social Security Administration recovered more than $4.9 billion in overpayments in fiscal year 2023 but still ended the year with a total balance of $23 billion in uncollected payments.”

CEFR level