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The phrase "interest on payment" is correct and usable in written English
You can use it when referring to a fee paid for the use of borrowed money, or to an increase in the cost of something due to delayed payment. For example: "The customer was required to pay interest on payment for the late delivery of the merchandise."
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California requires insurers to pay interest on late payments.
Some insurers charge interest on installment payments, so try paying upfront for the whole year.
Ms. Olson said that since companies were deducting interest on the payments, the dividends would not be tax free.
What if, unlike with payday lenders, you didn't have to pay interest on those payments?
The Broking segment deals with brokerage income on market transactions done on behalf of clients, interest on delayed payments, distribution of financial products and forex broking.
The IRS has stiff penalties for late filers and charges interest on late payments.
Interest on late payments begins accruing at 1 percent per month.
When I first came into office we were paying out more on interest payments on the debt than we were on the school system in this country.
Apply your interest rate to the term of your interest on the balloon payment.
One third of the annual budget goes on interest payments on foreign loans.
Even customers who do not pay overdraft fees are losing out on interest payments on accounts in credit.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com