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finance charge

noun
1.
interest or a fee charged for borrowing money or buying on credit.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for finance charge
  • The finance charge is the cost of consumer credit as a dollar amount.
  • It addresses new tolerances for accuracy in disclosing the amount of the finance charge and other affected cost disclosures.
  • The cost of the plan must be properly disclosed and be optional or the cost must be included in the finance charge.
  • Also, ask about additional fees such as credit checks and the finance charge, which is the total cost of the loan.
  • That's the rate the issuer applies to your outstanding balance to figure the finance charge for each billing period.
  • The amount of any finance charge debited or added to the account during the billing cycle, using the term finance charge.
  • The prepaid finance charge should only include that amount which the consumer actually paid at closing.

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