Fee charged by a grantor of credit for payment delays.

An additional charge paid by a borrower as a penalty for failure to pay a regular installment on a loan when due.

Lenders impose late fees on borrowers who don't pay in a timely fashion.

A fee assessed a borrower for failing to make all or part of an installment when the loan is more than 60 days past due. Close

This is a penalty/fee charged from the Finance Company to a consumer for failing to pay payments within a grace period or on the due contractual date.

This is a charge payable by the borrower as penalty for making late payments. Since this could be a hidden charge and not mentioned up front, make sure you know when you would incur such a charge.

A charge when a scheduled payment is received later than its due date and any allowed grace period.

A penalty assessed by the lessor to the lessee for failing to pay his or her payment in full by the contractual due date or within a specified grace period after that due date.

The additional amount due to a lender when a payment is not paid by the borrower within the agreed upon grace period. This charge will be equal to 5% of the total payment amount due, and will be assessed after a grace period of 15 days.

a charge which is added to a cable television subscriber's account or bill for nonpayment of a previously due account

An additional charge paid by the borrower as a penalty for not making the regular payment on the due date.

The penalty for not making a payment on time.

A fee assessed for late payments on a home loan.

The penalty paid by a borrower when a scheduled payment is past the grace period.

Penalty charged to a borrower when a regular mortgage installment is not received by the financial institution.

The additional amount due to a lender when a payment is not paid by the borrower within the agreed upon grace period. Typically the late charge amount will be a percentage of the late payment amount and will become due after a certain grace period has passed.

A charge assessed by a lender against a borrower failing to make loan installment payments when due.

A charge assessed against a tenant for failing to pay rent when due. A Late Charge is typically a one-time charge calculated as a specific dollar amount or a percentage of the amount due. In addition to or in lieu of a Late Charge, a lease may contain an interest provision, whereby the tenant is required to pay a specified interest rate on the amount due from the due date until the date paid. EXAMPLE: ABC Tenant's lease allows the Landlord to charge a) a Late Charge equal to 5% of the amount due for any Rent unpaid for greater than 5 days from the due date; and b) Interest equal to the current Prime Rate plus 2% for any unpaid Rent from the date due until the date paid. ABC failed to pay it's Base Rent of $10,000 which was due on March 1st until March 21st. On the next rent invoice to ABC, the Landlord included a Late Charge of $500 for March rent and an Interest charge of $54.79, assuming a Prime Rate of 8% (calculated as $10,000 x 10% x 20/365).

A fixed or percentage amount charged by the utility company when a customer fails to meet the utility's predetermined payment deadline.

The amount of money added to your mortgage payment if it is paid late.

A fee added to an installment as a penalty for failure to make a timely payment.

A penalty for failure to pay an installment on time.

The penalty that must be paid by the borrower when a payment is late. This must be spelled out; make sure you know when you would incur such a charge.

A penalty that a borrower must pay when payment is made after the date it is due.

A specified charge added by a creditor under his note or contract when the debtor makes his payment late or after a certain date.

A penalty you will have to pay if you do not make your loan payment on time. This usually is calculated as a percentage of the payment amount or a minimum dollar amount, such as 5% of the late payment, or $25.

A penalty imposed by the lender when a borrower fails to make a scheduled payment on time.

What the mortgage company will add on to your payment if it is received late. Can be as high as 5 percent of the total payment.

A fee charged for a past-due payment. This charge is usually either a percentage of the lease payment or a fixed dollar amount.

A fee imposed by a lender when the borrower does not make a payment on time.

Late fee (charged to borrowers). If your monthly payment is 15 days late, you'll be charged $15 or 5% of that month's payment, depending on the borrower's state lending limits. For example, if your monthly payment is $100 and your payment was 15 days late, your payment amount would be $115. Late fees are passed on to lenders; Prosper does not profit from late fees.

Penalty for failure to pay an installment payment on time. Usually not allowed as interest for tax deductions. Mayor may not be included as usury. If not, the amount of the late charge is either set by statute or must be reasonable.

A contractual financial penalty that is imposed when the delinquency of a payment due exceeds the grace period.

The penalty a borrower must pay when a payment is made a stated number of days. On a first trust deed or mortgage, this is usually fifteen days.

A penalty fee imposed by a lender for delinquent payments.

A penalty that is charged by the lender, when debt is not paid in a timely manner (Tip - Sometimes late fees may not be required to be paid by a lender until the loan is being paid in full.)

A fee that is charged to a borrower who does make his or her payment on time.

A fee or penalty to be paid to a lender for a payment which is delivered after it is due.

A penalty applied to a mortgage payment that arrives after the grace period.

An additional fee that a borrower must pay if a monthly loan payment is made after the due date.

If you don't pay at least a minimum credit card payment by the payment due date, you may owe a late charge.

The penalty a borrower must pay when a payment is made after the due date.

A fee a borrower pays to a lender for having made their payment after the payment due date.

A late charge is a fee that is charged if a mortgage payment is received late. A late charge can be steep - as much as 5 percent of the amount of your mortgage payment. Ouch! Get those payments in on time

Additional charge that a borrower is required to pay as a penalty for failure to pay a regular installment when due.

An additional fee charged to person for a payment that is delinquent. The most common methods of charging late fees are to charge a fixed dollar amount or a percentage of the payment.

Penalty assessed to borrower when the scheduled payment is late beyond the grace period.

A fee a lender imposes on a borrower when the borrower does not make a payment on time.

A penalty assessed by the leasing company for failing to make a monthly lease payment in full by the due date. Some leasing companies include a specified grace period following the due date, during which no late charge will be assessed if the payment is received during that timeframe.

a penalty assessed for failure to make a payment on time.

Percentage of the payment due that is charged for being late or paying after a predetermined grace period.

A fee charged or assessed for a payment not made or made subsequent to a contractual due date; a late charge often perceived as a fee earned by the “late charge” assessor for the grace period that is allowed from the date the payment was due until the late payment constitutes a default.

A lender fee charged if a mortgage payment is received late. Late charges can be as much as 5 percent of your mortgage payment, so be sure to get your loan payments in on time.

Penalty paid by a borrower when a payment is made after the due date.

A charge imposed by a lender to a borrower when the borrower fails to make payment on the due date.

A penalty imposed by the lender, as specified in the debt instrument, for delinquent repayments.

A penalty assessed a borrower should a payment not be made within the time allowed following the payment's due date. There is often a grace period (typically 15 days) following the payment's due date in which a payment may be late without incurring any Late Charges.

A fee imposed on a borrower when a payment is not made on time.

Fee imposed by lender when an interest payment is not paid by the due date.

A fee the lender imposes for receiving payments late.

A charge to the borrower for failure to pay an installment payment on time.

fee charged to a borrower when their payment is not received on time or within the grace period.

What you have to pay if you borrow money and don't repay it in a timely way.

A fee imposed on a borrower for not paying on time.