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Explanation: "default or penal interest", and "interest on arrears" are given by Le Robert & Collins Management Dictionary; and "interest on arrears" (customs duties) and post-maturity interest (credit insurance) by the European Communities Glossary.
Personally, I tend to favour the old legal usage, rather than that favoured by the European Communities translators, although I suspect it makes less and less sense to do so. But the commercial/management dictionary is also very helpful.
If it is for a text into American English, I would personally be inclined to use to Marian's "late interest", (except in the customs duties and credit-insurance contexts, although her version might still be the correct one in terms of American English).
I have found INTEREST FOR OVERDUE PAYMENTS. Do you agree with that???
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Explanation: Interest Charged By Developer
... Late Interest Charged By Developer. From: Soul Email: Remote ... the loan.
So, the Developer happily charged me 10% late interest. The end ...
hba.org.my/_forum/00000027.htm - 4k - Cached - Similar pages
Re: Late Interest Charged By Developer
... Re: Late Interest Charged By Developer. Wrom ...
hba.org.my/_forum/00000029.htm - 3k - Cached - Similar pages
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Prophet.Net | Quotes | Stock News
... Dan Gillmor Column. Thu 16 January 2003 04:50am, Tokyo shares close
mixed after late interest in low-priced stocks. Thu 16 January ... www.prophet.net/quotes/ stocknews.jsp?symbol=INTC&startpos=841 - 73k - Cached - Similar pages
Formulas: Prompt Payment: Programs and Services: Financial ...
... Late Interest Calculations. Agencies who fail to make payment by the
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File Format: PDF/Adobe Acrobat - View as HTML
... Any report that is received late that does not include the late charge
will have late interest assessed and applied. Late interest ... www.tmrs.org/tmrs-0003.pdf - Similar pages
Dallas County, Iowa Property Tax Division
... Late Interest: Failure to receive a tax statement is not a defense to
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Late Payment Interest Information
... However, if you have your own late interest payment conditions in your terms of sale
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-------------------------------------------------- Note added at 2003-05-28 21:42:21 (GMT) --------------------------------------------------
to finish the comment to Michael:
late interest. Ask a banker - I sure did in my 19 years at JP Morgan...
20 years in the business - most of it managing translation service for an investment bank