Definition, Meaning & Synonyms
overpay
verb
/ˌoʊ.vərˈpeɪ/
Definition
To pay more than is necessary or than a fair price.
Examples
- Many people tend to overpay for their groceries at certain stores.
- If you don’t shop around, you might overpay for your car insurance.
- She felt she had overpaid for the concert tickets after seeing the actual seating arrangement.
Meaning
Overpaying occurs when someone pays an excessive amount for goods or services, beyond their actual value.
Synonyms
- pay too much
- expend excessively
- spend over
