|
|
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 MatchesInitial chargeInitial chargeA charge imposed by a fund management company to cover administrative and marketing costs, and to pay for any commission that had to be paid to an intermediary like an IFA (also known as front end load). Carrying chargeCarrying chargeThe fee a broker charges for carrying securities on credit, such as on a margin account. Prior chargesPrior chargesThe fixed liabilities of an investment trust including loan capital and usually preference shares. The subtraction of these charges from total assets gives the net asset value of the trust. Prior charges may be expressed either at par value or current market value. Unpaid ground rent chargeUnpaid ground rent chargeIf you are a leaseholder, and the freeholder notifies the lender that you have not paid your ground rent or service charge, the lender may penalise you. Costs £30 - £50. Deferred chargeDeferred chargeAn expenditure treated as an asset that carries forward until it becomes pertinent to the business at hand, e.g., advance rent payment. Further SuggestionsDischarge of lienFinance charge Surcharge Contingent deferred sales charge (CDSC) Bankruptcy charge Charge certificate Carrying Charges Redemption charge chargeable gain exit charge charge card Import surcharge Discharge carrying charges chargeable event sales charge management charges Service charge Discharge fee chargeable event certificate chargeable transfer Noncash charge First charge Finance Charge Sales charge |
|
|
|