Phrases with «penalty rate»

A "penalty rate" refers to an extra fee or charge that is imposed when certain conditions are not met or rules are broken. It is applied as a punishment or penalty for violating an agreement or failing to meet specific requirements. This rate is typically higher than the regular rate or fee. Full definition

rate (parent phrase)
penalty (parent phrase)

penalty rate

Related phrases

penalty interest rate

Sentences with «penalty rate»

Once the second missed payment occurs lenders will begin reporting missed payments to credit reporting agencies and the borrower may have to pay a higher penalty rate of interest. (investopedia.com)
Investors are also concerned about the sustainability of the business model as franchisees are forced to start paying penalty rates. (afr.com)
Lastly, many cards increase your interest rate to a high penalty rate after you miss a payment. (badcredit.org)
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Phrases with «penalty rate»

Related phrases

Sentences with «penalty rate»

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