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.
The ARMs auditor typically will negotiate with the lender to obtain retroactive credit for any overcharges made to the mortgagor's account over the life of the loan.
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.
But if the case goes to an actual trial, the city pays around 9 percent interest on the 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.