finance charge
Credit card interest
A finance charge is the cost of borrowing money, expressed as a fee or interest payment.
Credit cards impose finance charges on unpaid balances carried month to month.
Loan documents must disclose the total finance charge over the life of the loan.
The finance charge on my credit card is 24% annually.
- personal loansUnsecured funds lent to individuals
- interest rateCost of borrowing money
- credit cardsBorrowed-money payment tools
- annual feeRecurring yearly charge
- minimum paymentLowest acceptable installment amount
balance due · usury laws · debt trap · penalty fees · hidden fees · fine print · truth in lending · transaction fees · service fee · administrative costs · credit score · installment loans · mortgages · prepayment penalty · late payment · closing costs · auto loans · payday loans
- debtdebt, creditor, owe, debtor, lender
- feesfee, fees, service fee, flat fee, annual fee
- auto loansauto loan, car loan, loan amount, loan term, monthly payment
- banking costsbank fees, service fees, overdraft fees, late fees, transaction fees
- credit termsloans, installment loan, credit limits, monthly payment, credit cards
- leasinglease agreement, tenant, lease term, lease terms, rent
finance chargeprincipal
Chief school administrator
principal amount · principal balance · capital · face value · loan amount
finance chargerebate
Returned portion of payment
cash back · interest income · refund · fee waiver · dividend
finance, charge, finances, financed, financing, financial, financially, financier, charged