Definition, Meaning & Synonyms
outcharge
verb
/ˈaʊtˌtʃɑːrdʒ/
Definition
To charge more than another party for goods or services.
Examples
- The company decided to outcharge its competitors to maximize profits.
- We cannot outcharge our rival if we want to keep our customers.
- He was known to outcharge clients for exclusive services.
Meaning
Outcharge refers to the act of imposing a higher charge or fee, typically in a competitive context where one party charges more than another for the same product or service.
Synonyms
- overcharge
- markup
- price higher
