Investor Glossary-finance chargeInvestor Glossary-finance chargeInvestor Glossary-finance chargeInvestor Glossary-finance chargeInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Finance Charge

The HTML to link to this page
 

A finance charge is any charge levied for the use of credit. For example, credit cards carry a finance charge, calculated as a percentage of the amount borrowed. A finance charge is levied periodically, often once a month. The finance charge is prorated, based on the annual percentage rate of the account. Automobile loans, home mortgages, business loans, and other uses of credit are subject to finance charges. With some accounts, an additional finance charge will be applied when payment is late. A lender is legally allowed to change the finance charge for any of several reasons, e.g., the borrower being a high risk. Under the federal Truth-in-Lending Act, the terms of finance charges must be spelled out in writing.



Rate this finance charge definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: in escrow, balance sheet, current ratio, implied volatility, ex-dividend, APR, open position, reverse mortgage, deferred revenue, real GDP, wholly-owned subsidiary, inflation, Zero Cost Collar, Key Rate Duration, average price per share, VIX, limit order, labor relations, command economy, quality assurance, LIBOR, debt service coverage, FTSE, phantom income, 1031 exchange, ex-dividend date, per diem, stock split, stock market close, minority interest, cancelled check, covered put, dividends payable, 1035 exchange, class C shares, diluted share, required rate of return, margin rate, retained earnings, EBITDA, FICO score, 144a, deferred tax, risk management, option premium, annual return, 401a, irrevocable trust, liquidity ratio


Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2014 Investor Glossary - All rights reserved - Terms of Use