A charge levied on an account for a payment that is either made late, or is not made. The amount of the late charge is determined by the financial institution.
Related information about late charge:
- When can I charge late fees or finance charges? - Nolo.com
You should assess a late charge only if the client knew, at the outset, that you reserved the right to do so. For example, if your written agreement provided for this ...
- late charge - Financial Dictionary - The Free Dictionary
Wikipedia encyclopedia ? late charge. Also found in: Wikipedia, 0.02 sec. Late charge. A fee a credit grantor charges a borrower for a late payment. Late Charge ...
- What is late charge? definition and meaning
Definition of late charge: A charge levied on an account for a payment that is either made ... The amount of the late charge is determined by the financial institution.
- Late Charge - Wisconsin Department of Financial Institutions
Open Accounts: Late Charge or Finance Charge ... To be considered a late charge, the merchant must treat the account as past due if payment is not made and ...
- Late charge | Define Late charge at Dictionary.com
a penalty charge in addition to the regularly scheduled payment, as of a loan, if such payment has not been made when due. Relevant Questions. What Is a ...
- Interest And Late Charges - Lawyers Professional Responsibility ...
Another possibility is to use a late charge rather than interest. ... Minnesota have characterized a late charge which reasonably approximates the damages that ...
- General Laws: CHAPTER 183, Section 59
A late payment penalty or late charge may not be charged more than once with respect to a single late payment. If a late payment fee is deducted from a ...
- College roundup: St. Michael's holds off late charge for win ...
4 days ago ... In the first series meeting in 20 years, the St. Michael's College men's basketball team held off a late charge by the New York Institute of ...