| 词条 | Penalty interest |
| 释义 |
In money lending and in sales contracts, penalty interest, also called penalty APR (penalty annual percentage rate),[1] default interest, interest for/on late payment, statutory interest for/on late payment,[2][3] interest on arrears, or penal interest, is punitive interest charged by a lender to a borrower if installments are not paid according to the loan terms. If an installment is not received according to the repayment terms, sometimes if not received by the end of the month, the borrower/buyer is charged penalty interest on the delayed installment/payment. References1. ^{{Cite news|url=http://www.creditcards.com/credit-card-news/default-penalty-rates-what-they-are-how-to-avoid-1276.php|title=Credit card penalty rates can top 30 percent; how to avoid them|last=CreditCards.com|work=CreditCards.com|access-date=2018-11-25}} {{DEFAULTSORT:Penal Interest}}{{Econ-stub}}2. ^EU directive on combatting late payment 3. ^{{Cite news|url=https://www.gov.uk/late-commercial-payments-interest-debt-recovery/charging-interest-commercial-debt|title=Late commercial payments: charging interest and debt recovery|work=GOV.UK|access-date=2018-11-25|language=en}} 1 : Interest |
| 随便看 |
|
开放百科全书收录14589846条英语、德语、日语等多语种百科知识，基本涵盖了大多数领域的百科知识，是一部内容自由、开放的电子版国际百科全书。