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 ?
CONTACT: Roger Noorthoek, MBA, ROCC (Recovery Overcharge Consultant Certificate) of Hidden Wealth Consultants, +1-562-983-9890, or roger@hwcinc.
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.
Bank Fee Analysis is intended to further streamline the company's finance and treasury processes and reduce costs by detecting and recovering fee overcharges.
On April 29, the inspectors begin giving stores with no overcharges signs they could voluntarily post saying, ``No Overcharge Violation.
There were virtually no trials until the Court of Appeals forced the city to refund approximately $40 million to the owners of One New York Plaza, of which $28 million was overcharges and the rest interest going back to the FY '84 assessment roll.
Once found, the hidden overcharges are brought to the attention of the utility and usually removed without much hassle.
By including the potential amounts in the total dollar value of the complaint, critics charged, the government was presenting a vastly inflated impression of the overcharges.
Lead Counsel has directed the Claims Administrator to mail checks to Class Members for overcharges on Visa and MasterCard signature debit and credit card transactions during the period October 1992 to July 2003.
Citing a study conducted in May 2005 jointly by the UIC Center for Urban Economic Development and the University of California-Berkley, the complaint states that the percentage of Wal-Mart overcharges is significant.
The county's Buyer Beware program, which was launched in February 2002, has helped reduce scanner overcharges by 75 percent, saving consumers tens of millions of dollars a year, county officials said last month.