penalty fee
1penalty — noun 1 punishment ADJECTIVE ▪ harsh, heavy, hefty, severe, stiff, strict, substantial, tough ▪ draconian …
2Drop Dead Fee — Fee paid by a borrower to a lender when an acquisition deal falls through. A drop dead fee is applied to compensate the loaning institution for lost interest if a loan is secured and then becomes unnecessary because of a failed deal. The funds… …
3prepayment penalty — A fee imposed on a borrower who pays off a loan (usually a mortgage) before its due date. Lenders impose this kind of fee to encourage borrowers to hold a debt and keep paying interest on it for the whole term of the loan. Category: Bankruptcy,… …
4Nuisance fee — A nuisance fee is a fee, fine, or penalty which is charged to deter an action, rather than to compensate for the costs of that action. For example, a five dollar penalty for submitting an application late does not compensate for costs associated… …
5Overdraft fee — Unauthorized overdraft fees (sometimes called paid referral fees ) are fees charged by banks on various types of bank accounts, usually current or checking accounts. In the United States alone, overdraft fees bring in billions of dollars every… …
6Late fee — A late fee, also known as a late fine or a past due fee , is a charge levied against a client by a company or organization for not paying a bill or returning a rented or borrowed item by its due date. Its use is most commonly associated with… …
7Redemption Fee — A fee collected by an investment company from traders practicing mutual fund timing. This stiff penalty is used to discourage short term, in and out trading of mutual fund shares. Generally, the fee is in effect for a holding period from 30 days… …
8Surrender Fee — A charge levied against an investor for the early withdrawal of funds from an insurance or annuity contract, or for the cancellation of the agreement. Surrender fees act as an economic incentive for investors to maintain their contract, and they… …
9nuisance fee — noun A nominal fee, fine or penalty charged to deter an action (rather than to compensate for the costs of that action) …
10IRS Notice 433 - Interest and Penalty Information — A document published by the Internal Revenue Service that outlines the interest rate applied to overpaid or underpaid taxes, as well as the interest rate applied to the underpayment of estimated taxes. The interest rate can vary from time period… …
