Examples of 'default interest' in a sentence
Meaning of "default interest"
default interest: Default interest refers to the interest rate applied to an outstanding loan or debt when the borrower fails to make the required payments on time. It is a penalty interest rate that is higher than the standard rate and is generally enforced as a consequence of defaulting on the debt agreement.
How to use "default interest" in a sentence
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default interest
The charging of default interest on the levy.
Default interest and interest on fines.
Penalties for late payment default interest.
The default interest is immediately due and payable.
Payment time limits and default interest.
Calculating default interest and creating interest invoices.
Payment times and default interest.
Default interest and fines.
It has been recognized the corresponding default interest expenses.
Whole loan actual default interest paid in current period.
The complaint alleging incorrect calculation of the default interest.
Recovery and default interest.
Default interest compensates the lender for the added risk.
Any sums not refunded in good time may be increased by default interest.
Other default interest.
See also
The contract will refer to the clause that relates to default interest.
Default interest rate will be added to any delayed or defaulted payments.
This item is intended to record default interest of entitlements other than own resources.
The default interest the consumer would accept if there really were able to negotiate.
This item is intended to record default interest on entitlements other than own resources.
The default interest rate can soon put a financial strain on the tenant.
The tribunal also ruled that the buyer must pay default interest for the overdue payment.
Payment of the default interest does not release the contractual obligation to pay.
Arisen in connection with penalties, interest or default interest.
Default interest may be charged on sums not repaid in compliance with the Financial Regulation.
The charging of default interest on VAT.
Default interest in respect of own resources made available by the Member States.
As regards the statutory default interest also claimed, the application is dismissed.
Default interest according to the Interest Act.
Amount of the fine overpaid, but also to default interest on that amount.
The default interest rate is established in accordance with the Law on Default Interest.
In addition, the bank can still charge default interest and compensation.
Statutory default interest of 5 percentage points above the.
In this case, the buyer has to pay the legal default interest fees.
Default interest under a financing agreement ;.
In this case, the Customer must pay the default interest required by law.
No default interest is due on the amount of compensation as fixed above ;.
Pezzullo paid the levy and the VAT, and also the default interest.
Default interest of 8 % per annum will be charged.
Note, After this period the employer is subject to default interest and an administrative offense.
Charge default interest at a rate of 8 % above.
AEGTelefunken AG is ordered to pay the Commission default interest on the fine imposed 3.
In addition, default interest of 5 percent will be charged for late payment.
Calculation of any default interest due;.
Plus the default interest calculated at the bank base rate plus 7 %.
He adds, regarding default interest.
Procedures to ensure proper follow-up on recovery orders issued and, if applicable, on default interest.
We shall be entitled to default interest of 4 % above the basic rate ;.
Default interest charged to members for late payment of contributions totalled €180.
Claiming default interest ;.
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