# Overpayment

**IRI:** https://folio.openlegalstandard.org/R9QTWcwXG9FLUtwMaAvYfxl

## Labels

**Preferred Label:** Overpaid

**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.

## Sub Class Of

- https://folio.openlegalstandard.org/RCqCSXkXFjhbokGf5IHmJ6a

**Deprecated:** False