German-English translation for "Verzugszinsen"

"Verzugszinsen" English translation

We need a statutory right to interest.
Wir brauchen einen rechtlichen Anspruch auf Verzugszinsen.
Source: Europarl
We have introduced a higher late payment interest rate of 8%.
Wir haben höhere Verzugszinsen eingeführt, nämlich 8%.
Source: Europarl
Source

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