Background for surcharge

surcharge

/ˈsɜː(ɹ)t͡ʃɑː(ɹ)d͡ʒ/

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noun

An addition of extra charge on the agreed or stated price.

Examples :

"Our airline tickets cost twenty dollars more than we expected because we had to pay a fuel surcharge."

business economy finance

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noun

An excessive price charged e.g. to an unsuspecting customer.

Examples :

"The taxi driver added a huge, unexpected surcharge to our fare because he knew we were tourists and didn't know the standard price. "

business economy finance commerce

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noun

An overprint on a stamp that alters (usually raises) the original nominal value of the stamp; used especially in times of hyperinflation.

Examples :

"During the economic crisis, the post office applied a surcharge to existing stamps, raising their value so people could still mail letters without buying entirely new stamps. "

business finance economy

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noun

A painting in lighter enamel over a darker one that serves as the ground.

Examples :

"The artist used a thin, light-blue surcharge over the dark-green ground of the painting. "

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noun

A charge that has been omitted from an account as payment of a credit to the charged party.

Examples :

"The unexpected surcharge on my electricity bill was due to a previous credit I received for overpayment. "

business finance economy

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noun

A penalty for failure to exercise common prudence and skill in the performance of a fiduciary's duties.

Examples :

"The trustee faced a surcharge because of poor investment decisions, failing to diversify the portfolio as expected. "

business finance law

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noun

An excessive load or burden.

Examples :

"The surcharge of extra homework over the weekend made it difficult for the students to relax. "

business finance economy

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noun

The putting, by a commoner, of more animals on the common than he is entitled to.

Examples :

"Farmer Giles was fined for a surcharge after he allowed more sheep to graze on the common land than his agreement permitted. "

property agriculture animal economy

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verb

To apply a surcharge.

Examples :

"The airline will surcharge passengers for checked baggage exceeding the allowed weight. "

business finance

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verb

To overload; to overburden.

Examples :

"to surcharge an animal or a ship; to surcharge a cannon"

business finance economy

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verb

To overstock; especially, to put more cattle into (e.g. a common) than one has a right to do, or more than the herbage will sustain.

Examples :

"The farmer was fined for surcharging his cattle onto the common pasture; he put too many animals there, exceeding the permitted number and damaging the grass. "

agriculture business economy property

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verb

To show an omission in (an account) for which credit ought to have been given.

Examples :

"The auditor decided to surcharge the accountant's report after discovering that a significant charitable donation had been omitted, thus denying the company a rightful tax credit. "

business finance economy