late fee
Deadline miss penalty
A late fee is a charge imposed when a payment arrives after its due date.
Credit cards, utilities, rent, and library books commonly incur late fees.
The fee serves both as penalty and incentive: The late fee on my credit card was thirty-five dollars.
Also called a late charge or late payment fee.
- due dateWhen payment is required
- grace periodAllowed delay before consequences
- back paymentRetroactive financial settlement
- penaltyPunishment for wrongdoing
- payment deadlineFinal date for remittance
billing cycle · payment plan · charge · overdue · fine · collections · arrears · delinquency · final notice · default · garnishment · debt recovery · overdraft · installment · repayment schedule · legal compliance · credit card · bank account
- extra feessurcharge, service charge, service charges, surcharges, fuel surcharge
- feesservice charge, service charges, monthly dues, annual dues, membership dues
- bank complaintsfraud claim, account freeze, bounced check, billing error, unauthorized charge
- bank feesservice charge
- credit termsloans, installment loan, credit limits, monthly payment, credit cards
- Debt Termsbankruptcy, insolvency, delinquency, arrears, principal