LINGUISTICS & CULTURE
|Data:||30/JUL/2007 7:45 PM|
A small business (such as a doctor's office) may send the past-due client "a late notice" or "a reminder notice". The "reminder notice" may be in the form of a telephone call.
Larger businesses (including credit cards and telephone companies) merely charge "a late fee". If payment has not been made by a certain date, a charge is added to the customer's bill.
I haven't worked in a business for decades, but years ago I remember that the customers of our paint store could deduct about 2% from their bill by paying prior to the 10th of the month. Anything after that was paid at the full rate. And when I paid the bills for the store, I was expected to pay all of them prior to the 10th so that the store could take advantage of the same discount. I don't think that utilities (lights, gas, water, etc.) used this system, but other stores did that were selling us things wholesale to sell in our store.
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