a. An authorization to a debtor, such as a bank or nation, permitting temporary suspension of payments.
b. An authorized period of delay in the performance of an obligation.

Pls see:

arrears fine


Explanation:
Please see:

FSA mortgage arrears fine for GMAC too late, says Which? - [ Traducir esta página ]
30 Oct 2009 ... Consumer watchdog Which? has welcomed the action from the Financial Services Authority (FSA) to charge mortgage lender GMAC for its ...
www.mortgages.co.uk

PT PLN censured again over arrears fine increasing - [ Traducir esta página ]
MEDAN, N SUMATERA - The state electricity monopoly PT PLN get to be rebuked on increasing the overdue fine tariff decision as conveyed in the PLN executive ...
www.waspada.co.id/index.php?...arrears-fine



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Note added at 20 mins (2010-04-13 23:38:49 GMT)
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FT.com / UK / Business - Mortgage specialist fined for arrears charge - [ Traducir esta página ]
12 Apr 2010 ... Kensington's fine was reduced from £1.75m as a result of early settlement and an improvement in its arrears processes since 2008, ...
www.ft.com/cms/s/0/ce34b99c-4661-11df-9713-00144feab49a.htm...

Mortgage specialist fined for arrears charge - Property Week - [ Traducir esta página ]
Kensington Mortgages, which specialises in mortgage lending to customers with patchy credit...
www.propertyweek.com

Lloyds TSB - Charges - [ Traducir esta página ]
Arrears charges. There may be a charge if you fall behind with your mortgage payments. If you get behind with your payments (you go into arrears) when there ...
www.lloydstsb.com

SLC Solicitors | service charge arrears - [ Traducir esta página ]
service charge and ground rent arrears collections ... "SLC have been extremely successful in collecting arrears with no charge to us" ...
www.servicechargearrears.com

Arrears charges - [ Traducir esta página ]
Firms have some discretion on how they recover the costs of administering arrears, but we will challenge firms where arrears charges are excessive or ...
www.fsa.gov.uk/pages/Library

Tough new measures on mortgage arrears handling - [ Traducir esta página ]
26 Jan 2010 ... Apply a monthly arrears charge where the firm and the customer have agreed an arrangement to repay the arrears; ...
www.bankingtimes.co.uk

I would just say "penalty" in this context.

Results 1 - 10 of about 193,000 for "late penalty".

Como se dice en inglés (USA).