1. to pay more than the correct or fair amount for something
2. to pay someone more money than they deserve or than is appropriate

Examples

• I think we overpaid for this house by at least $20,000.
• The company tends to overpay its executives while underpaying regular workers.
• Don’t overpay for designer clothes when you can find similar quality elsewhere.
• She realized she had overpaid her taxes and was entitled to a refund.
• The team overpaid for that player given his recent performance.
• Many tourists overpay for souvenirs in popular destinations.
• The government shouldn’t overpay contractors for basic services.