Late payment
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  Late payment



Late payment

   A sum a borrower sends to a lender that is received past the date when it was due.

RELATED TERMS
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Borrower
A person who has been approved to receive a loan and is then obligated to repay it and any additional fees according to the loan terms.

Lender
A term which can refer to the institution making the loan or to the individual representing the firm.



SIMILAR TERMS
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Late charge
A penalty for failure to pay an installment on time.

Late payment fee
Charge imposed on a debtor for not paying on time.

Latent defect
Hidden structural defect.

Lateral support
The right to have land supported by the adjoining land or soil beneath.



PREVIOUS AND NEXT TERMS
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Landscape
A home's surroundings can range from a shrub-studded emerald lawn to a native-plant xeriscape. It is a major component of curb appeal.

Landscape architect
A professional who holds a degree in landscape architecture, which involves training in horticulture, landscape design and planning.

Landscape contractor
A professional who carries out the plans of a landscape architect or a landscape designer.

Landscape designer
A landscape designer has training in horticulture and landscape planning, but does not necessarily hold a degree.

Late charge
A penalty for failure to pay an installment on time.

Late payment

Late payment fee
Charge imposed on a debtor for not paying on time.

Latent defect
Hidden structural defect.

Lateral support
The right to have land supported by the adjoining land or soil beneath.

Latitude
Distance on the earth's surface, measured northward or southward from the equator measured in degrees of the meridian; angular distance reckoned on a meridian.

Laundry
If the motel has 40 units or more, the laundry will usually have two 50 lb. Commercial washers with automatic soap injection and one or two large dryers.

This dictionary contains 6433 terms.
      












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