Charges
Charges: Fees you pay for
using the money before paying it back.
The total cost of interest and other charges, direct or
indirect, the borrower must pay to obtain credit. Companies can charge
for financial services in different ways, some more
straightforward than others. The total
of all costs paid to the lender by the borrower directly or
indirectly as an incident to the extension of credit or in
essence the total amount charged to use credit.
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