interest you have to pay when you are late with payment. Have encountered this term a lot. I think it's more Flemish than Dutch.

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Note added at 48 mins (2004-06-02 17:14:15 GMT)
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ok, that is how I\'ve always translated it. it IS Flemish which means I also have the French equivalent, which was easily findable on Eurodicatom. Default interest is among the possibilities. As is my suggestion.

HitList
1. intérêts de retard(1) intérêts de pénalisation(2) BTB - BUD92 - 751

Document 1

Subject European Union - European Communities (CE)
Financial Affairs - Taxation & Customs (FI)

Definition intérêts perçus en plus des intérêts initialement prévus pour compenser un retard de règlement ou l\'inobservation d\'une obligation

Reference Vocabulaire du budget des CE,SdT/202/92
(1)
TERM intérêts de retard

Reference Vocabulaire du budget des CE,SdT/202/92;NF K 01-001:1979
(2)
TERM intérêts de pénalisation

Reference Vocabulaire du budget des CE,SdT/202/92;NF K 01-001:1979

(1)
TERM default interests

Reference Vocabulary of the budget of the EC,SdT/202/92;QAVT(1976)
(2)
TERM delayed interest

Reference Vocabulary of the budget of the EC,SdT/202/92;QAVT(1976)
(3)
TERM interest charged for non-payment

Reference Vocabulary of the budget of the EC,SdT/202/92;QAVT(1976)
(4)
TERM interest charged for late payment

Reference Vocabulary of the budget of the EC,SdT/202/92;QAVT(1976)


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... like fault determination, recoverable loss, the basis for valuing property, calculation of business interruption losses, penalty interest and compensation ...
europa.eu.int/comm/employment_social/ news/2003/sep/rakhonen_pres.pdf - Supplemental Result -