finance charges
Definition
Total cost of borrowing, including interest charges, commitment fees, and other charges paid by the borrower for availing the loan facility. See also cost of capital.
finance charges is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
finance charges appears in the definitions of the following terms: average daily balance (ADB), true interest cost (TIC), truth in lending and kicker
This content can be found on the following page:
http://www.businessdictionary.com/definition/finance-charges.html
email to a friend
print this definition
cite this definition
link to this page
