Definition

A notification on your bill that a fee has been added for a late payment. It is clearly stated so you know why your total has increased.

What to consider

  • Plan your payments around the due date.
  • Set up reminders to avoid missing deadlines.
  • Understand the consequences of late payments.

Real world scenarios

  • On her bill, Sarah noted the payment due date, which was clearly marked to help her schedule payments.
  • John’s invoice highlighted the payment due date, ensuring he knew when the balance was required.
  • Linda’s billing statement prominently displayed the payment due date to avoid any confusion.

Related terms

Healthcare