overcharge

overcharge definition - business

overcharge

To cause a customer to pay more than the bona fide price. For example, a clerk charges the regular price rather than the posted sale price of a shirt. Overcharges generally result from computers not being properly updated.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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