interest charges
Cost of credit
Interest charges are fees imposed for borrowing money, calculated as a percentage of the amount owed.
Credit cards, loans, and mortgages all carry interest charges that accumulate over time: The interest charges on my credit card balance are killing me.
In financial contexts, interest charges represent the cost of using someone else's money.
- credit card debtMoney owed on plastic
- usury lawsStatutes limiting interest rates
- loanBorrowed money repaid later
- debt burdenTotal owed obligations weighing down
- mortgageSecured home loan
amortization · minimum payment · APR · annual fee · late fees · credit terms · fine print · installment plan · balance due · default · inflation · refinancing · payday loan · borrowing costs · promissory note · banking regulations · revolving credit · collateral
- expensesexpenses, expense, expenditure, cost, costs
- debtdebt, creditor, owe, debtor, lender
- extra feesservice fee, service fees, delivery fee, processing fees, handling fee
- money mistakesoverspending, impulse buying, gambling debt, debt spiral, no savings
- credit termsloans, installment loan, credit limits, monthly payment, credit cards
- payment termspayment due date, past due, late payments, payment deadline, late fee
financial cost vs. benefit
interest chargesinterest income
Money earned from loans
interest earnings · investment returns · yield · dividends · dividend income