Dishonoured Payment Fee definition
Dishonoured Payment Fee means the fee charged for each cheque or other instrument used to pay Debt that is dishonoured by the financial institution on which it is drawn, and which is in addition to any NSF service fee charged by that financial institution on the NSF cheque or other instrument;
Examples of Dishonoured Payment Fee in a sentence
Collections Dishonoured Payment Fee $10.00: Fee is charged to the loan account in the event of a payment tendered to the account is dishonoured by the Debtor’s bank.
Dishonoured Payment Fee $10.00 Fee is charged to the loan account in the event of a payment tendered to the account is dishonoured by the Debtor’s bank.
Dishonoured Payment Fee $5, waived if payment is resolved within 14 calendar days.