Myöhästymiskulut
Myöhästymiskulut, commonly translated as late fees or penalty charges, are financial charges imposed when a payment is not made by its due date. These fees are a contractual agreement between parties, typically found in loan agreements, credit card terms, rental contracts, and various service subscriptions. The purpose of late fees is to compensate the creditor for the financial loss incurred due to the delayed payment, which can include loss of interest and administrative costs associated with pursuing the overdue amount.
The specific amount or calculation method for myöhästymiskulut varies widely depending on the type of agreement
Understanding the terms and conditions of any agreement is crucial to avoid incurring these charges. Many lenders