Aug 12, 2011 06:50
12 yrs ago
English term
equal to
English
Bus/Financial
Business/Commerce (general)
"The amount of the late charge shall be equal to two percent (2.00%) of the overdue payment."
Why do they use the phrase "equal to" in an expression as above?
How does the presence of "equal to" affect the meaning of the expression?
If "equal to" is omitted, will there be any difference?
Why do they use the phrase "equal to" in an expression as above?
How does the presence of "equal to" affect the meaning of the expression?
If "equal to" is omitted, will there be any difference?
Responses
4 +6 | used for clarity and emphasis | Shera Lyn Parpia |
4 | the equivalent of... | eski |
Responses
+6
5 mins
Selected
used for clarity and emphasis
Omitting "equal to" it would not change the meaning. But by using it, the writer is ensuring that there are no misunderstandings about the amount involved.
Peer comment(s):
agree |
Liz Dexter (was Broomfield)
15 mins
|
Thanks!
|
|
agree |
Tania McConaghy
59 mins
|
Thank you.
|
|
agree |
Armorel Young
: Yes - in principle I'm all for cutting out redundant words, but here I think the use of "equal to" is entirely reasonable
1 hr
|
agree |
Tony M
2 hrs
|
agree |
Thayenga
: With Amorel. :)
2 hrs
|
agree |
Arabic & More
3 hrs
|
3 KudoZ points awarded for this answer.
Comment: "Thank you."
8 hrs
the equivalent of...
In financial terms, expressions asuch as "equal to". "an amount equivalent to..", etc., are not uncommon:
ursuant to 220 C.M.R. 26.10 (4), the late payment charge shall be calculated at an annual rate of interest which is the equivalent of the rate paid on ...
►
[PDF] A User's Guide to late payment legislation:
www.berr.gov.uk/files/file37581.pdfFile Format: PDF/Adobe Acrobat
equivalent, you need to use the reference rate that is published annually by the ... can charge other small businesses statutory interest for late payment. ...
[PDF] Late Payment Fee FAQ FAQ
www.umbc.edu/sbs/Late_Payment_Fee_Communication.pdfFile Format: PDF/Adobe Acrobat - Quick View
Late payment fees are assessed on the 25th of the month. ... If your account is past due, and it is time to assess late payment fees, we ...
Late Payment Penalties in the UK
www.paylate.co.uk/ - CachedWho are we and why are we qualified to explain late payment charges? ... We have been charging late payment penalties (interest initially) since 1997 and ...
California Civil Code Section 2954.4 - California Attorney ...
law.onecle.com › California Laws › Civil Code - Cached15 Jan 2011 – (a) A charge that may be imposed for late payment of an installment due ... shall not exceed either (1) the equivalent of 6 percent of the ...
ursuant to 220 C.M.R. 26.10 (4), the late payment charge shall be calculated at an annual rate of interest which is the equivalent of the rate paid on ...
►
[PDF] A User's Guide to late payment legislation:
www.berr.gov.uk/files/file37581.pdfFile Format: PDF/Adobe Acrobat
equivalent, you need to use the reference rate that is published annually by the ... can charge other small businesses statutory interest for late payment. ...
[PDF] Late Payment Fee FAQ FAQ
www.umbc.edu/sbs/Late_Payment_Fee_Communication.pdfFile Format: PDF/Adobe Acrobat - Quick View
Late payment fees are assessed on the 25th of the month. ... If your account is past due, and it is time to assess late payment fees, we ...
Late Payment Penalties in the UK
www.paylate.co.uk/ - CachedWho are we and why are we qualified to explain late payment charges? ... We have been charging late payment penalties (interest initially) since 1997 and ...
California Civil Code Section 2954.4 - California Attorney ...
law.onecle.com › California Laws › Civil Code - Cached15 Jan 2011 – (a) A charge that may be imposed for late payment of an installment due ... shall not exceed either (1) the equivalent of 6 percent of the ...
Discussion