Factoring Company- Glossary > Factoring Terms > Late Fee Period

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This is the length of time or any portion thereof for which a late fee is charged. If the initial period is 30 days and the late fee period is 15 days and an accounts receivable goes unpaid for 60 days then the total fee will equal the initial fee plus two late fees.

Last updated on September 26, 2009 by FACTOR KING, LLC