viivästysmaksun
Viivästysmaksun is a Finnish term that translates to "late payment fee" or "late interest" in English. It refers to a penalty charged when a payment is not made by its due date. This concept is common in various financial transactions, including consumer credit, loans, and invoices.
The purpose of a viivästysmaksun is to compensate the creditor for the financial inconvenience and risk associated
When a payment is overdue, the creditor typically has the right to charge this fee. The calculation