FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/R9QTWcwXG9FLUtwMaAvYfxl
Label Overpayment
Preferred Label Overpaid
Identifier N/A
Alternative Labels
Excess Payment Surplus Payment

Definition

An overpayment occurs when a payer disburses more money than is owed to a recipient, which can happen in various contexts such as payroll, social benefits, or vendor payments. This typically necessitates corrective actions, including repayment or adjustment, to rectify the excess amount disbursed.

Class Relationships

Is Defined By

N/A

See Also

None

Parent Class Of 0

  • None

Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

None

Description

None

Notes

  • None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available