Definition & Meaning | English word OVERPAY
OVERPAY
Definitions of OVERPAY
- (ambitransitive) To pay too much.
- (transitive) To be more than an ample reward for.
Number of letters
7
Is palindrome
No
Examples of Using OVERPAY in a Sentence
- The winner's curse is a phenomenon that may occur in common value auctions, where all bidders have the same (ex post) value for an item but receive different private (ex ante) signals about this value and wherein the winner is the bidder with the most optimistic evaluation of the asset and therefore will tend to overestimate and overpay.
- Although one defendant may end up paying more than that defendant tortfeasor's proportionate share of the damages, it is nonetheless thought that it is better for a culpable defendant to overpay that defendant's share of the damages than for the injured plaintiff to be undercompensated for the injury.
- Additionally, Wright was using The Smart Sets checkbook to overpay authors for their work and was attempting to secretly fund a prototype of a more radical publication with Mencken.
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