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late payment

   Also found in: Financial 0.01 sec.
See: delinquency


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The Experian Late Payment Index showed that on average UK businesses were paying their bills 2.
Dealing with private entities while facing the problems of the late payments, the "Law on the prevention of the late payment in commercial transactions" should be taken into account.
Late payment legislation is a useful tool for businesses, both to deter late payment, and to obtain compensation from debtors when it becomes unavoidable.
 
 
 
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