finance charge

The total cost of credit a customer must pay on a consumer loan, including interest. Bloomberg Financial Dictionary

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I. finance charge finance charge charge1
  [m0] II. finance charge finance charge charge1

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finance charge UK US noun [C, usually plural] BANKING, FINANCE
the total cost including interest that you must pay for borrowing money in the form of a loan or with a credit card: »

Credit card finance charges are the interest fees due each month if you carry a balance.

Financial and business terms. 2012.

Look at other dictionaries:

  • finance charge — n. A fee charged for the extension of credit and the deferral of payment of a loan. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. finance charge The am …   Law dictionary

  • Finance charge — In United States law, a finance charge is any fee representing the cost of credit, or the cost of borrowing. It includes not only interest but other charges as well, such as financial transaction, transaction fees. Details regarding the federal… …   Wikipedia

  • Finance Charge — A fee charged for the use of credit or the extension of existing credit. May be a flat fee or a percentage of borrowings, with percentage based finance charges being the most common. A finance charge is often an aggregated cost, including the… …   Investment dictionary

  • finance charge — / faɪnæns tʃɑ:dʒ/ noun 1. the cost of borrowing money 2. an additional charge made to a customer who asks for extended credit …   Dictionary of banking and finance

  • finance charge — The consideration for privilege of deferring payments of purchase price. The amount however denominated or expressed which the retail buyer contracts to pay or pays for the privilege of purchasing goods or services to be paid for by the buyer in… …   Black's law dictionary

  • finance charge — A charge levied for the benefit of being able to delay payment of a sum due …   Accounting dictionary

  • finance charge — interest or a fee charged for borrowing money or buying on credit. * * * …   Universalium

  • finance charge — interest or a fee charged for borrowing money or buying on credit …   Useful english dictionary

  • charge — The document evidencing mortgage security required by Crown Law (law derived from English law). A Fixed Charge refers to a defined set of assets and is usually registered. A Floating Charge refers to other assets which change from time to time (… …   Financial and business terms

  • Charge — or charged may refer to: Charge (basketball), illegal contact by pushing or moving into another player s torso Charge (fanfare), a six note trumpet or bugle piece denoting the call to rush forward Charge (heraldry), any object depicted on a… …   Wikipedia

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