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| late charge (A fee that a creditor assesses on a debtor when the borrower makes a late payment. For example, suppose a student loan carries a monthly payment of $150 and is due on the last day of each month. If the borrower does not pay the full $150 on the due date (or within a certain grace period), the lender may assess a $15 late charge. Late charges may occur with loans or other liabilities, such as a rent payment. Farlex Financial Dictionary. © 2012 Alexander Demidov) | |||
| default interest; interest on arrears | |||
| проценты за просрочку: 9 phrases in 4 subjects |
| Contracts | 1 |
| General | 6 |
| Karachaganak | 1 |
| Law | 1 |