Late Fee

Business, Legal & Accounting Glossary

Definition: Late Fee


Late Fee


Full Definition of Late Fee


A fee charged when a payment is not received on time. Some common bills which almost always have a late fee policy are credit card payments, mortgage and student loan payments, and car loan payments.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/late-fee/
Modern Language Association (MLA):
Late Fee. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/late-fee/.
Chicago Manual of Style (CMS):
Late Fee. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/late-fee/ (accessed: March 29, 2024).
American Psychological Association (APA):
Late Fee. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/late-fee/

Definition Sources


Definitions for Late Fee are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.