Examples of prorate in a sentence. 1  The player's annual salary was prorated because he only played for the last three months of the season. 2  shares in the company's profits were prorated according to the workers' length of service.
Can a utility company charge a late charge on a late charge that is carrying forward? They claim they apply the payment to the late charge first and then because the remaining balance doesn't match the total due, they continue to charge an additional late fee on the unpaid balance. Doesn't this amount to charging a late fee for an unpaid late fee no matter how they wash it through the billing?
You can charge interest on all late payments. However, even if you indicate in your terms and conditions that you will charge interest on all late payments, it is up to you whether you actually do so or not. You should address each debt on a case-by-case basis and: consider the relationship with the customer. get the opinion of customer-facing staff.