Late Payment. Annual Interest Percentage.Numeric
Agreed percentage of annual interest by which an amount due will be increased if the payment due date is not respected.
The 2005 edition pairs clear-text and coded versions on adjacent tags (section 4.2.2): this element’s counterpart is 5029.
1993 edition — before the renaming
- Data element name
- Interest on arrears
- Business term
- Interest on arrears
Superseded by the 2005 name above.
Locations & bridges
- UNLKL 36-46, P 09-44
Where the element lives on aligned documents — see the bridge glossary.