The correct spelling of the word "over prize" is actually "overprise." The IPA phonetic transcription for this word is /oʊvərpraɪz/. It is a verb that means to overestimate or set a price too high. This may be a spelling issue that is commonly mistaken, but it is important to use the correct spelling to accurately convey the intended meaning. Always double-check your spelling and use resources such as IPA phonetic transcription to ensure accuracy in your writing.