The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

LATE PAYMENT FEE Definition & Legal Meaning

Definition & Citations:

This fee is either flat-rate or percentage of the amount due. An account holder not making an account payment by the stated due date is assessed this monetary charge.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.