The Learning Center
GLOSSARY TERMS
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Terms that begin with L

Late payment fee

If your payment is received after the specified due date (or is not received at all), a late payment fee will be tacked onto your next bill. Late payment fees may range from around $35-40. Many credit cards charge higher fees the higher your outstanding balance.


Previous Merchant Account Term: Last Payment Received

Next Merchant Account Term: LIBOR


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