late charge

noun
a penalty charge in addition to the regularly scheduled payment, as of a loan, if such payment has not been made when due.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
But they've shown no interest yet and apparently aren't planning a late charge.
There is usually a number of days after the payment is due that you can pay
  without a late charge.
Departmental components will apply a late charge for overdue payments.
The notice will show the late charge amount, if applicable, and the interest
  amount past due.
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