overcharge

overcharge
overcharge o‧ver‧charge [ˌəʊvəˈtʆɑːdʒ ǁ ˌoʊvərˈtʆɑːrdʒ] verb [intransitive, transitive] COMMERCE
to charge someone too much money for something:

• Divorce lawyers often overcharge women clients.

overcharge (somebody) for something

• The company overcharged the government for labor and materials.

— overcharging noun [uncountable] :

• fraud involving the overcharging of corporate clients

— overcharge [ˈoʊvətʆɑːdʒ ǁ ˈoʊvərtʆaːrdʒ] noun [countable] :

• Federal law doesn't require lenders to reimburse consumers for any overcharges.

* * *

Ⅰ.
overcharge UK US /ˌəʊvəˈtʃɑːdʒ/ verb [I or T]
► FINANCE, COMMERCE to ask someone to pay more than the real price or value of a product or service: »

The company denied it was using its dominant position in the market to overcharge customers.

 overcharge sb (by) $10/10% etc. »

The shop overcharged me by €5.

 »

Banks are able to overcharge because they have complicated tariffs that are difficult to understand.

 overcharge for sth »

Some landlords habitually overcharge for insurance, building repairs, and services.

→ Compare UNDERCHARGE(Cf. ↑undercharge) verb
Ⅱ.
overcharge UK US /ˈəʊvəˌtʃɑːdʒ/ noun [C]
► FINANCE, COMMERCE a request for payment that is more than the real price or value of a product or service: »

They billed twice for internet services in the same year, resulting in an overcharge of $123,000.

 »

He disputed what he believed was a $10 overcharge on a car rental.

→ Compare UNDERCHARGE(Cf. ↑undercharge)

Financial and business terms. 2012.

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Synonyms:
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Look at other dictionaries:

  • overcharge — index exploitation, overdraw, premium (excess value), surcharge, usury Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • Overcharge — O ver*charge , v. t. [Cf. {Supercharge}, {Surcharge}.] [1913 Webster] 1. To charge or load too heavily; to burden; to oppress; to cloy. Sir W. Raleigh. [1913 Webster] 2. To fill too full; to crowd. [1913 Webster] Our language is overcharged with… …   The Collaborative International Dictionary of English

  • Overcharge — O ver*charge , n. [Cf. {Supercargo}, {Supercharge}.] [1913 Webster] 1. An excessive load or burden. [1913 Webster] 2. An excessive charge in an account. [1913 Webster] …   The Collaborative International Dictionary of English

  • Overcharge — O ver*charge , v. i. To make excessive charges. [1913 Webster] …   The Collaborative International Dictionary of English

  • overcharge — (v.) c.1300, to overload, overburden, from OVER (Cf. over) + CHARGE (Cf. charge). Meaning to charge someone too much money is from 1660s. Related: Overcharged; overcharging …   Etymology dictionary

  • overcharge — ► VERB ▪ charge too high a price …   English terms dictionary

  • overcharge — [ō΄vər chärj′; ] also, and for n.always, [ō′vər chärj΄] vt., vi. overcharged, overcharging 1. to charge too high a price (to) 2. to overload or fill too full 3. to exaggerate n. 1. an excessive charge 2 …   English World dictionary

  • Overcharge — For other uses, see Overcharging (disambiguation). Overcharge is an economic term that refers to the difference between an observed market price and a price that would have been observed in the absence of collusion. The latter is often called a… …   Wikipedia

  • overcharge — UK [ˌəʊvə(r)ˈtʃɑː(r)dʒ] / US [ˌoʊvərˈtʃɑrdʒ] verb Word forms overcharge : present tense I/you/we/they overcharge he/she/it overcharges present participle overcharging past tense overcharged past participle overcharged 1) [intransitive/transitive] …   English dictionary

  • overcharge — Date: 14th century transitive verb 1. to charge too much or too fully 2. to fill too full 3. exaggerate, overdraw intransitive verb to make an excessive charge • overcharge noun …   New Collegiate Dictionary

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