Late charge

Late Charge
Late charges apply to all sorts of finance and business dealings when somebody is late in making a payment or completing a certain requirement which was agreed on earlier.

Late Charge
Banking Dictionary:
Late Charge
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Late Charge
Fee imposed by lender when an interest payment is not paid by the due date.

CASCADING LATE CHARGES - The practice of imposing late charges for previously unpaid late charges. Fede...
CASE LAW - That body of Court decisions that act as precedents in the interpretation of various Acts. ...

late charges
Charges that are assessed for late payments of principal or interest on a loan. Late charges may be determined as a percentage applied to the unremitted payment or as a fixed dollar amount. Some states limit late charges.

Late charge
A fee a credit grantor charges a borrower for a late payment.
Launder ...

Late Charge:
The lender may impose a its minimum fee for a late payment. If delinquency is a common occurrence the lender may impose its maximum charge ($100.)
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Late charges. Charges from the credit lender when the borrower fails to make timely payment.

Late Charge
A fee that is charged to a borrower who does make his or her payment on time.
Late Payment
An installment or sum of money that is paid to a lender after the due date as specified in the loan agreement.

Late Charge:
The fee charged for delinquent payment on an installment loan, usually expressed as a percentage of the loan balance or payment. Also, a penalty imposed by a card issuer against a cardholder's account for failing to make minimum payments.

Payments made after the due date, but within this 10-15 day period are considered timely payments, and not subject to late charges or other penalties.

There are also default penalties, late charges, over-the-limit fees, transaction fees, ATM fees, stop-payment fees, cash advance fees and annual fees, all of which are on the increase.

-- but you complain to the company and they fortunately forego the late charge. This will be good news for about a month, until your next statement arrives.

Grace Period - A period of time after a due date not subject to late charges or cancellation penalties.

Fees that lenders are entitled to collect from borrowers who don't pay within the grace period. Most mortgage notes offer borrowers a 10 or 15-day grace period, with a late charge of about 5% on payments received on the 16th or later.

Contracts outstanding at the end of the last trading day must be settled by delivery of underlying physical commodities or financial instruments, or by agreement for monetary settlement, depending futures contract specifications.
Late charge ...

Late Charge
A charge imposed by a lender on a borrower when the borrower fails to make payment on the due date....(Read more)
Late Reported Trade ...

See also: Banks, Expense, Line of credit, Federal reserve board, Loan agreement