Overcharge

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Overcharge

To assess a buyer too much for a product. For example, one may sell a cheap television worth $200 for $500. Because pricing is somewhat subjective, it can be difficult to determine when someone has been overcharged.
References in periodicals archive ?
For many years, there were no federal regulations governing the processing of overcharge claims.
Even when overcharges have been pointed out, reclaiming the money can be a long, drawn out process, he said.
Many assist businesses in reducing their monthly mortgage payments - and obtain refunds for any overcharges paid to the lender.
These overcharge cases generated blizzards of publicity when they were filed during the Carter administration in the days of $40-a-barrel oil and blocks-long gasoline lines.
Since April 2003, overcharge notices have been placed in store windows at more than 200 locations.
Gilbert Canizales, spokesman for the California Grocers Association, attributed the dramatic drop in overcharges to procedures retailers took after the program began.
The Court also found that the overcharge was willful and awarded the tenant treble damages.
In addition, the ruling allows DWR to update its damages, adding from eight to 12 or more months worth of additional overcharges, plus 10 percent interest.
When a case is finally settled at the Corporation Counsel, often the owner has to abandon challenges from back years, and does not receive a penny of interest on the intervening years of overcharges.
Bank Fee Analysis is intended to further streamline the company's finance and treasury processes and reduce costs by detecting and recovering fee overcharges.
The overcharges were discovered during a pilot three-week investigation in December and January at 108 retail stores in the county.