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late charge

American  

noun

  1. a penalty charge in addition to the regularly scheduled payment, as of a loan, if such payment has not been made when due.


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

WSJ | Buy Side: Some personal loans charge no origination fee, but compare interest rates and other terms to get a good deal.

From The Wall Street Journal • Apr. 1, 2026

These loans charge fixed interest and have predictable monthly payments, but rates can be high depending on your credit score.

From Seattle Times • Mar. 30, 2023

It’s still debt, but student loans charge lower interest rates than credit cards.

From Seattle Times • Dec. 17, 2021

“There are certain legal limits on plan loans, but the employer can set their own minimum amounts, set the number of loans, charge a processing fee and establish the rate of interest.”

From Los Angeles Times • Apr. 16, 2017

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