finance charge
noun[C,usually plural]
BANKING,FINANCEukusthetotalcostincludinginterestthat you mustpayforborrowingmoneyin theformof aloanor with acreditcard:
Creditcardfinancechargesare theinterestfeesdueeachmonthif youcarryabalance.
Examplesoffinance charge
finance charge
Following the same pattern, 24/300 of thefinancechargeis assessed as the first months portion of a 24 month precomputed loan.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.This definition offinancechargeand interest seems to be very narrow and not consistent with the websters definition or the accounting definition.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It is afinancechargeexpressed as an annual rate.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Initially, a previous balance method was usedcalculation offinancechargeon the unpaid balance shown on the prior month's statement.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It should be understood that with precomputed loans, a borrower not only owes the lender the principal amount borrowed, but the borrower owes thefinancechargeas well.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.For each debt one would list the current balance,financechargeper month, the minimum payment per month, and include a blank column for the actual payment.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Interest is a synonym forfinancecharge.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It does not say anything about the capital element of the cost or the capital andfinancechargeelement.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Does 50 per cent., 60 per cent. or 70 per cent. of our export trade immediately and directly suffer from thisfinancecharge?
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Usually, if a customer is late paying the balance, finance charges will be calculated and the grace period does not apply.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.