Finance Charge

Business / Taxes / 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.

Other Words for Charge

Charge Verb Synonyms: fill, imbue, load, instil, pervade, permeate, saturate, suffuse
Charge Noun Synonyms: load, burden, weight, onus, impediment, care, concern, obligation
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Other Words for Finance

Finance Noun Synonyms: fund, subvene, invest in, back, capitalize, underwrite, subsidize, pay for, bankroll
Finance Adverb Synonyms: resource(s), banking, accounting, economics, money (management), business, commerce, (financial) affairs, investment
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Fair Credit And Charge Card Disclosure Act (1989)

Business / Accounting / Fair Credit And Charge Card Disclosure Act (1989): A part of the Truth in Lending Act that mandates a box on credit card applications that describes key features and costs (i.e., APR, grace period for purchases, minimum finance charge, balance calcula MORE

Minimum Finance Charge

Business / Taxes / Minimum Finance Charge: A minimum finance charge is a fee collected by a credit card issuer each billing period. It applies when the actual finance charge you owe isn’t equal to or larger than this minimum. For example, if MORE

Amount Financed

Business / Loan / Amount Financed: A required Truth in Lending Act disclosure for consumer loans. It is calculated by starting with the full amount borrowed (principal) and subtracting out the dollar amount of prepaid finance charges ( MORE

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