|
Late charge |
|
|
|
Home Site Map Add Term Search About Us Contributors |
Late chargeA fee a lender imposes on a borrower when the borrower does not make a payment on time.Late ChargeA penalty for failure to pay an installment payment on time. Usually not allowed as interest for tax deductions. May or may not be included as usury. If not, the amount of late charge is either set by statute or must be "reasonable."Late chargeA charge imposed by a lender to a borrower when the borrower fails to make payment on the due date.Late chargeA fee a credit grantor charges a borrower for a late payment.Late charge Similar MatchesNoncash chargeNoncash chargeA cost, such as depreciation, depletion, and amortization, that does not involve any cash outflow. Charge cardCharge cardA plastic payment card enabling the holder to obtain goods and services without the requirement to pay cash. Accounts are normally submitted to the card holder monthly and must be settled in full. In addition to obtaining goods, the charge card can be used to obtain cash. Examples of charge cards are American Express, Diners Club and a number of gold cards. Chargeable event certificateChargeable event certificateA certificate issued on the occurrence of a chargeable event. Details listed include the amount of the gain, number of years over which the gain has occurred, the date the transaction took place and that the certificate should be sent to the Tax Office to establish if a higher rate tax liability exists. Proceeds are free from basic rate tax liability. Sales chargeSales chargeThe fee charged by a mutual fund at purchase of shares, usually payable as a commission to a marketing agent, such as a financial adviser, who is thus compensated for assistance to a purchaser. It represents the difference, if any, between the share purchase price and the share net asset value. Finance chargeFinance chargeThe total cost of credit a customer must pay on a consumer loan, including interest. Further Suggestionsexit chargeDeferred charge chargeable transfer Discharge fee carrying charges Discharge management charges prior charges Charge certificate chargeable event Discharge of lien Unpaid ground rent charge Carrying Charges sales charge Charge off initial charge First charge Bankruptcy charge Carrying charge Service charge Import surcharge Redemption charge Surcharge chargeable gain Finance Charge |
|
|
|