Back Charge

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Back Charge

A fee that a company has charged but has not collected by the end of an accounting period. A company usually sends an invoice for back charges on its own or with the next bill. For example, if one's water bill is $20 per month and one did not pay in April, one will likely have a bill for $40 (plus late charges) in May.
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The STA focuses its activities on problems affecting subcontractors in public and private construction, including progress payments, bid-shopping, improper back charges, legislation, prevailing wage enforcement, lien laws, insurance and bonding, among other issues.
The Tories announced today that they would bring back charges, except for children, pensioners and anyone else who was exempt before Labour introduced free prescriptions for all in 2007.
He said: "My owners in France are looking for anywhere they can to reduce costs - not to have half a million pounds in back charges thrown at them.
NonGAAP results add back charges and subtract gains to the bottom line for extraordinary items, and thus provide a better reflection of future earnings and a more accurate account of operating results.
Money expert Alexander Cowen-Wright, of moneysupermarket.com, said when customers attempt to claw back charges banks will typically repay lower amounts, hoping this will settle the dispute.
When we discovered a million electricity users were facing hefty back charges because meters were not adjusted for price rises, the Sheriff went in with six-shooters blazing.
All of the work he performs will be free and he is faced with back charges for any damages this may cause his contractor or the owner.
But Human Rights Watch, in a report released today, said they had found no evidence to back charges that hundreds of Palestinians were massacred at Jenin.
Now the council has agreed to pay pounds 145,000 in back charges which will push next year's estimated council tax bill of pounds 800 for the average Band D property up by about pounds 2 per person.
If the client is creating a safety net or expects the investment to be short term (one to five years), then it is very possible that the best purchase option for the client is a fund that has no front or back charges, but instead employs a constant 12b-1 fee.
"After an IRS audit, when you add up all the back charges and penalties IRS can assess, both the contractors and the newspapers can be badly damaged," he added.
* Back charges. Billings for work performed or costs incurred by one party (for example, the contractor) that, according to the contract, should have been performed or incurred by another party (for example, a subcontractor).