0 an extra amount of money that must be paid if a payment is made after a certain date or time limit:
Vendors must pay a late fee if they don't pick up their permits on time.
In some states, the law says that even if you are late only once, the lender can charge a late fee on all your payments.
NEW WORDS
European
May 10, 2021
WORD OF THE DAY
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late fee
