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overbilling

/ˌoʊvərˈbɪlɪŋ/ noun · British & US
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What does overbilling mean?

noun

The act of charging more than the actual cost or amount owed, often in a way that is unfair or deceptive. The practice of charging customers more than the agreed price or amount for goods or services.

Example

"The company was accused of overbilling its clients, leading to a loss of trust and a significant financial penalty."

Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.

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Rhymes with overbilling