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late charge

a penalty charge in addition to the regularly scheduled payment, as of a loan, if such payment has not been made when due. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for late charge
  • 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.
  • From the seventeenth of the month to the twenty-fifth will then incur a late charge.
  • And yet another consumer blamed the late charge from preventing him from obtaining a mortgage.
  • Payments on your account not received by the due date immediately become subject to a late charge and possibly to disconnection.
  • Payments must be received in our office on or before the due date to avoid a late charge.

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