mispayments
Wrong amount sent
Mispayments are payments made incorrectly—wrong amounts, wrong recipients, or payments that shouldn't have been made at all.
The term appears most often in bureaucratic and financial contexts: The audit revealed millions in mispayments to contractors.
Government agencies track mispayments as a category of waste and error.
Act of setting straight
- adjustmentAlteration to improve fit
- amendmentChange to official text
- reconciliationRestoration of friendly relations
- refundMoney returned after purchase
reimbursement · recovery · restitution · compensation · settlement · payback · writeoff · chargeback
Error in estimation
- discrepancyDifference between expected and actual
- inaccuracyLack of precision
- misallocationImproper distribution of resources
- wrong amountErroneous figure or quantity
billing error · shortage · surplus · anomaly · irregularity · clerical error · processing error
Formal accounts examination
- reconciliationRestoration of friendly relations
- reviewCritical written assessment
- verificationProving something accurate
- cross-checkingValidating through comparison
Punishment for wrongdoing
- fineAcceptable in quality
- interest chargeCost of borrowing money
- late feePenalty for overdue payment
- disputeVerbal clash over differences
chargeback · collection · write-off · bad debt · customer complaint
Issuing payment requests
- billing systemSoftware managing payment requests
- verificationProving something accurate
- double-checkingConfirming something a second time
- automationSelf-operating system design
rectification
Act of setting straight
- adjustmentAlteration to improve fit
- amendmentChange to official text
- reconciliationRestoration of friendly relations
refund · reimbursement · recovery · restitution · compensation · settlement · payback · writeoff · chargeback · credit note
miscalculation
Error in estimation
- discrepancyDifference between expected and actual
- inaccuracyLack of precision
- misallocationImproper distribution of resources
wrong amount · billing error · shortage · surplus · anomaly · irregularity · clerical error · processing error
audit
Formal accounts examination
- reconciliationRestoration of friendly relations
- reviewCritical written assessment
- verificationProving something accurate
cross-checking · internal controls · spot check · investigation
penalty
Punishment for wrongdoing
- fineAcceptable in quality
- interest chargeCost of borrowing money
- late feePenalty for overdue payment
dispute · chargeback · collection · write-off · bad debt · customer complaint
invoicing
Issuing payment requests
- billing systemSoftware managing payment requests
- verificationProving something accurate
- double-checkingConfirming something a second time