What does the word overpaid mean?

English Language Learners Definition of overpay : to pay too much for something. : to pay (someone) more money for a job than is deserved.

What is the meaning of over payment?

the act of paying more than is necessary or more than the value of something, or the amount by which someone has paid too much: Any overpayment will be treated as a payment of tax in advance. HR, COMMERCE.

What is underpayment inequity?

in industrial and organizational settings, an employee’s perception that he or she is being paid less than is fair, especially in comparison to coworkers. This can lead to dissatisfaction and tension and, in some cases, to lowered productivity. Compare overpayment inequity.

Is overpayment one word or two words?

verb (used with object), o·ver·paid, o·ver·pay·ing. to pay more than (an amount due): I received a credit after overpaying the bill. to pay (a person) in excess.

What is another word for overpayment?

In this page you can discover 12 synonyms, antonyms, idiomatic expressions, and related words for overpayment, like: overcharge, too-much, excessive payment, money, payment, underpayment, arrears, over-payment, overpay, repayment and bad debt.

What is overpaid balance?

Overpayment just means you’ve paid your credit card company more than you owe. And the result is a credit balance on your credit card.

What is it called when you overpay?

To pay someone less than the value. In this page you can discover 18 synonyms, antonyms, idiomatic expressions, and related words for overpay, like: overrecompense, over-reward, pay too much, over-remunerate, pay excessively, overcompensate, overreimburse, overyield, overexceed, oversettle and pay the Devil.

What is an example of equity theory?

Equity Theory is based on the idea that individuals are motivated by fairness. As an example of equity theory, if an employee learns that a peer doing exactly the same job as them is earning more money, then they may choose to do less work, thus creating fairness in their eyes.

What does it mean to be equitably treated according to equity theory and how do employees respond to inequality?

The core of equity theory says that individuals judge the fairness of their treatment based on how others like them are treated. Equity theory says that employees view a situation as equitable when employees who give similar inputs receive similar outcomes.

What is the opposite of overpayment?

What is the opposite of overpayment?

underpayment defaulting
nonpayment failure
avoidance default
evasion delinquency

What is a refund overpayment?

An overpayment on your tax return is the amount of refund you would receive. An overpayment occurs when a taxpayer pays too much in income taxes. At the end of the year, if the actual tax return shows that a lesser amount is due than the sum of the payments, an overpayment has occurred.

What happens if you are overpaid?

What happens if you’re overpaid. Your employer has the right to claim back money if they’ve overpaid you. They should contact you as soon as they’re aware of the mistake. If it’s a simple overpayment included in weekly or monthly pay, they’ll normally deduct it from your next pay.

Which is the best definition of overpayment inequity?

OVERPAYMENT INEQUITY. a worker’s understanding that they are being paid an amount which goes beyond what is fair, particularly in contrast with co-employees. This can generate dissatisfaction, stressed situations with co-employees, and attempts to return equity. OVERPAYMENT INEQUITY: “The overpayment inequity in favor…

What does the word overpayment mean in English?

overpayment noun [ C or U ] uk ​ /ˌəʊ.vəˈpeɪ.mənt/ us ​ /ˌoʊ.vɚˈpeɪ.mənt/. › the action of paying someone too much or an amount paid that is too much: She did not notice that she had received a salary overpayment.

What is the action of paying someone too much?

› the action of paying someone too much or an amount paid that is too much: She did not notice that she had received a salary overpayment. The governemnt must try to prevent $1.8 million in overpayment of benefits per year.

Do you have to pay daily interest on overpayments?

Daily interest is also important if you make regular overpayments. Borrowers should ensure that they are switching to a new capital repayment deal that allows overpayments. Most providers no longer offer deals that allow mortgage overpayments to be borrowed back.