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