late fee

late fee UK US noun [C]
an extra amount of money that must be paid if a payment is made after a certain date or time limit: »

Vendors must pay a late fee if they don't pick up their permits on time.

»

In some states, the law says that even if you are late only once, the lender can charge a late fee on all your payments.


Financial and business terms. 2012.

Look at other dictionaries:

  • Late fee — A late fee, also known as a late fine or a past due fee , is a charge levied against a client by a company or organization for not paying a bill or returning a rented or borrowed item by its due date. Its use is most commonly associated with… …   Wikipedia

  • fee — A fixed amount or a percentage of an underwriting or principal. Bloomberg Financial Dictionary * * * fee fee [fiː] noun 1. [countable] COMMERCE an amount of money paid to a professional person or organization for their services: • If you want… …   Financial and business terms

  • fee — late 13c., from O.Fr. fieu, fief fief, possession, holding, domain; feudal duties, payment, from M.L. feodum land or other property whose use is granted in return for service, widely said to be from Frank. *fehu od payment estate, or a similar… …   Etymology dictionary

  • Late Show with David Letterman — Format Talk show Variety show Created by David Lette …   Wikipedia

  • fee simple — fee′ sim′ple n. law See under fee 2), a) • Etymology: 1425–75; late ME < AF …   From formal English to slang

  • Fee — For other uses see Fee (disambiguation) A fee is the price one pays as remuneration for services. Fees usually allow for overhead, wages, costs, and markup. Traditionally, professionals in Great Britain received a fee in contradistinction to a… …   Wikipedia

  • Late-2000s financial crisis — The TED spread (in red) increased significantly during the financial crisis, reflecting an increase in perceived credit risk …   Wikipedia

  • Fee tail — Entail redirects here. For other uses, see Entail (disambiguation). Property law …   Wikipedia

  • fee — noun ADJECTIVE ▪ exorbitant, fat (informal), hefty, high, huge, large, substantial ▪ I expect you had to pay a fat fee to your divorce lawyers …   Collocations dictionary

  • fee tail — noun a fee limited to a particular line of heirs; they are not free to sell it or give it away • Hypernyms: ↑fee * * * noun (plural fees tail) Etymology: Middle English fee taille, from Anglo French fé taillé, from Old French fé fee, fief +… …   Useful english dictionary

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