overpayment
Payment beyond owed
Overpayment is paying more than what's owed or appropriate.
It can be accidental—The company sent refund checks for overpayments on customer accounts—or deliberate, as when someone overpays for a house in a bidding war.
In benefits contexts, an overpayment is money the government wants back: She received a notice demanding repayment of unemployment overpayments.
Payment for incurred expenses
- rebateReturned portion of payment
- recoveryRegaining what was lost
- recoupmentRecovery of losses
- refund claimRequest for returned payment
credit · restitution · return · compensation · adjustment · payback · remittance · settlement
Error in estimation
- clerical errorOffice documentation mistake
- discrepancyDifference between expected and actual
- inaccuracyLack of precision
- misallocationImproper distribution of resources
billing error · accounting mistake · duplicate charge · overcharge · processing error · human error · administrative error
Restoration of friendly relations
- adjustmentAlteration to improve fit
- rectificationAct of setting straight
- recalculationComputing something again
- auditFormal accounts examination
recovery · balance · error detection · bookkeeping · ledger · double-check · verification · write-off
Keeping from another
- deductionsConclusions from reasoning
- tax refundReturned excess withholding
- creditsUnits toward graduation
- IRSFederal tax collector
return · filing · taxpayer · exemption · contribution · estimated tax · W-2 · prorated
Formal accounts examination
- regulationOfficial rules governing conduct
- oversightSupervision or inadvertent omission
- monitoringOngoing observation of something
- due diligencePre-transaction reasonable care
accountability · scrutiny · governance · review · inspection · verification · internal controls · reconciliation
reimbursement
Payment for incurred expenses
- rebateReturned portion of payment
- recoveryRegaining what was lost
- recoupmentRecovery of losses
refund claim · credit · restitution · return · compensation · adjustment · payback · remittance · settlement · indemnification
miscalculation
Error in estimation
- clerical errorOffice documentation mistake
- discrepancyDifference between expected and actual
- inaccuracyLack of precision
misallocation · billing error · accounting mistake · duplicate charge · overcharge · processing error · human error · administrative error
reconciliation
Restoration of friendly relations
- adjustmentAlteration to improve fit
- rectificationAct of setting straight
- recalculationComputing something again
audit · recovery · balance · error detection · bookkeeping · ledger · double-check · verification · write-off · credit memo
withholding
Keeping from another
- deductionsConclusions from reasoning
- tax refundReturned excess withholding
- creditsUnits toward graduation
IRS · return · filing · taxpayer · exemption · contribution · estimated tax · W-2 · prorated · deductible
audit
Formal accounts examination
- regulationOfficial rules governing conduct
- oversightSupervision or inadvertent omission
- monitoringOngoing observation of something
due diligence · accountability · scrutiny · governance · review · inspection · verification · internal controls · reconciliation · reporting
- Payroll Problemsbounced check, miscalculation, wage theft, final paycheck, back pay
- unemploymentunemployment, unemployed, jobless, joblessness, unemployment rate
- transactionspurchase, deposit, transfer, money transfer, cash transfer
- taxationtax, income tax, sales tax, tax return, tax refund
- tax refundsrefund check, direct deposit, refund delay, bank deposit
- UK Benefitshousing benefit, child benefit, income support, child tax credit, state pension
overpaymentunderpayment
Insufficient wages rendered
shortfall · underpay · partial payment · deficit · nonpayment
overpaymentarrears
Overdue financial obligations
arrear · backlog · outstanding balance · debt · delinquency