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Late charge
This is a penalty / fee charged from the finance company to a consumer for failing to make payments within a grace period or on the contractual due date.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Auto loans
- Company: Mercedes-Benz
- Product:
- Acronym-Abbreviation:
Other Languages:
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