Finance charge


Also found in: Legal, Wikipedia.

Finance charge

The total cost of credit a customer must pay on a consumer loan, including interest.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Finance Charge

The cost of obtaining financing, especially through debt. Often it refers to the interest one must pay, expressed as the annual percentage rate. See also: Cost of capital.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

Finance charge.

The finance charge, or total dollar amount you pay to borrow, includes the interest you pay plus any fees for arranging the loan.

A finance charge is expressed as an annual percentage rate (APR) of the amount you owe, which allows you to compare the costs of different loans.

The Truth-in-Lending Law requires your lender to disclose the APR you'll be paying and the way it is calculated before you agree to the terms of the loan.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

finance charge

The total of all direct and indirect costs associated with obtaining credit.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
Mentioned in ?
References in periodicals archive ?
However, I'm still not satisfied with their explanation on how they calculate the finance charges on the second month.
An accidental wrong payment
Although the focus of the hearings was HOEPA, there was also discussion of TILA's finance charge and the APR.
Statements to the Congress
A third major factor that differentiates credit card lending from other types of bank lending is that the interest earned on credit card balances is substantially less than the stated rate might suggest because convenience users (those who pay their balances in full each month) generate little or no revenue from finance charges.
Statement submitted by the Board of Governors of the Federal Reserve System to the Subcommittee on Consumer Credit and Insurance of the Committee on Banking, Finance and Urban Affairs, U.S. House of Representatives, February 9, 1994
After paying the full amount due of Dh18,872.85, including the unjustified finance charges, as per the following statement received on February 12, well within the due date of March 9, I registered a finance charge reversal request.
Unwarranted finance charges
Under the Rule of 78s method, the finance charge is earned faster than under the actuarial method.
Statement by Lawrence B. Lindsey, member, Board of Governors of the Federal Reserve System, before the Subcommittee on Consumer Affairs and Coinage of the Committee on Banking, Finance and Urban Affairs of the U.S. House of Representatives, May 27, 1992
"Factoring good, ready source of cash, but if you rely on it totally, the finance charge could slowly eat into your profits."
Five alternative ways to finance your business
For the full year, we are updating our guidance for improvements in the finance charge and taxation.
Pearson boosts FY19 adjusted EPS view to 57.5p-63p from 53.5p-59p
Moola also failed to disclose the finance charges in terms of pesos and centavos and the percentage that the finance charge bears to the total amount to be financed.
SEC revokes certificate of authority of Moola Lending Corp
A number of factors contributed to the decline of SEC net earnings in 2018 4Q, mainly the debt cancellation of Municipal fees, implementing of International Financial Reporting Standard No.15 (IFRS 15) and the rise of finance charge. --SPA 15:02 LOCAL TIME 12:02 GMT 0011 www.spa.gov.sa/1882663
Saudi Electricity Company's earnings in Q4 2018 quarter amounted to 1.785 billion SAR
Cohen pleaded guilty to the campaign finance charge in August and to making false statements in November.
Former Trump lawyer Michael Cohen sentenced to three years prison

Financial browser ?
Full browser ?