Late payment fee

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Late payment fee

Late payment fee

Charge imposed on a debtor for not paying on time.

RELATED TERMS
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Debtor
One who owes money; a borrower, a maker of a note; a mortgagor.

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

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

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

Late payment fee

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.

Law of agency
A fiduciary relationship is created under the law of agency when a property owner, as the principal, executes a listing agreement or management contract authorizing a licensed real estate broker to be his or her agent.

This dictionary contains 6433 terms.

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