- The consideration for privilege of deferring payments of purchase price. The amount however denominated or expressed which the retail buyer contracts to pay or pays for the privilege of purchasing goods or services to be paid for by the buyer in installments; it does not include the amounts, if any, charged for insurance premiums, delinquency charges, attorney's fees, court costs, collection expenses or official fees. All charges incident to or condition of credit. Such costs are regulated by state and federal "truth-in-lending" statutes which require full disclosure of finance charges on credit agreements, billing statements, and the like.
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
Look at other dictionaries:
finance charge — The total cost of credit a customer must pay on a consumer loan, including interest. Bloomberg Financial Dictionary * * * ▪ I. finance charge finance charge ➔ charge1 [m0] ▪ II. finance charge finance charge … Financial and business terms
finance charge — n. A fee charged for the extension of credit and the deferral of payment of a loan. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. finance charge The am … Law dictionary
Finance charge — In United States law, a finance charge is any fee representing the cost of credit, or the cost of borrowing. It includes not only interest but other charges as well, such as financial transaction, transaction fees. Details regarding the federal… … Wikipedia
Finance Charge — A fee charged for the use of credit or the extension of existing credit. May be a flat fee or a percentage of borrowings, with percentage based finance charges being the most common. A finance charge is often an aggregated cost, including the… … Investment dictionary
finance charge — / faɪnæns tʃɑ:dʒ/ noun 1. the cost of borrowing money 2. an additional charge made to a customer who asks for extended credit … Dictionary of banking and finance
finance charge — A charge levied for the benefit of being able to delay payment of a sum due … Accounting dictionary
finance charge — interest or a fee charged for borrowing money or buying on credit. * * * … Universalium
finance charge — interest or a fee charged for borrowing money or buying on credit … Useful english dictionary
charge — The document evidencing mortgage security required by Crown Law (law derived from English law). A Fixed Charge refers to a defined set of assets and is usually registered. A Floating Charge refers to other assets which change from time to time (… … Financial and business terms
Charge — or charged may refer to: Charge (basketball), illegal contact by pushing or moving into another player s torso Charge (fanfare), a six note trumpet or bugle piece denoting the call to rush forward Charge (heraldry), any object depicted on a… … Wikipedia