overage charge

overage charge
overage charge UK US noun [C, usually plural]
COMMERCE an extra amount of money that you have to pay for using more of something than was expected or agreed: »

With overage charges, she has had cell phone bills of $140 a month.

»

If energy costs increase, tenants have to pay overage charges to cover the difference between the current rate and the rate when they signed their lease.


Financial and business terms. 2012.

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