Late Payment Interest

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
LPI
Pronunciation
/leɪt ˈpeɪmənt ˈɪntəˌrɛst/
Category
Business
Related Field
Accounting

Examples in Context

  1. Penalty charges for late payment shall not be regarded as interest for the purpose of this Article.
  2. In the event that the Buyer is late in making payment, WIRTGEN CHINA is entitled to charge interest at the rate of the Chinese legal provisions applicable for delay in payment.

Other meanings of LPI