Surcharge Law and Legal Definition
Surcharge is a term that is subject to different meanings. In an accounting context, a surcharge is an additional charge that has been omitted from a stated account and for which credit should have been given.
It may also be used to mean an additional charge for something. For example, for automobile insurance, a surcharge may be added for accidents or moving violations. In another example, a surcharge may be added to passenger fare for fuel costs when gas prices rise to certain levels. It may also refer to a new value or denomination overprinted on a postage or revenue stamp.
