interest charge
Loan's extra cost
An interest charge is the fee a lender imposes for borrowing money, calculated as a percentage of the outstanding balance.
Credit card statements show interest charges when you carry a balance month to month: The interest charges alone added up to more than I originally borrowed.
Distinguished from other fees like late penalties or annual charges.
- financeProvide money for
- APRYearly borrowing cost
- loanBorrowed money repaid later
- creditRecognition or payment deferral
- credit cardBorrowed-funds payment tool
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- interest ratesprime rate, base rate, discount rate, lending rate, nominal rate
- Billing Disputeschargeback, refund, fraud claim, billing error, overcharge
- credit cardscredit card, loyalty card, cardholder, cashback offers, card number
- creditcredit card, credit score, credit limit, credit cards, credit scores
- debt collectiondebt collection, garnishment, late payments, debt collector, delinquent accounts
- financial errorsbilling error, bank error, calculation error, rounding error, math error
interest chargeinterest income
Money earned from loans
yield · return on investment · savings interest · investment return · dividend
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