Finance charge definition

Finance charge means that term as defined in section 106 of the truth in lending act, 15 USC 1605.

Finance charge means the total of all interest, loan fees, interest on any loan fees financed by the lending institution, and other charges related to the cost of obtaining credit.

Finance charge means the fee charged by the Firm to the Client for rolling a CFD Contract from one day to the next;

Examples of Finance charge in a sentence

• The Servicer shall allocate to the Series 2024-3 Certificateholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Floating Allocation Percentage and (B) the Series 2024-3 Allocation Percentage and (C) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.

• Class A Investor Charge-Offs shall thereafter be reimbursed and the Class A Invested Amount increased (but not by an amount in excess of the aggregate unreimbursed Class A Investor Charge-Offs) on any Distribution Date by the amount of Excess Spread and Excess Finance Charge Collections allocated and available for that purpose pursuant to subsection 4.07(b).

• On each Distribution Date following a Note Trust Transfer, the Trustee shall deposit into the Collection Account for application in accordance with Section 4.05 of the Agreement the aggregate amount of Excess Finance Charge Collections received by the Trustee pursuant to the applicable Transfer Agreement on such date.

• A Finance Charge of 1 1/2 % per month will be imposed on all past due credit account balances.

• THE BANK OF NEW YORK MELLON, as Trustee By: Authorized Signatory AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST SERIES 2024-3 CLASS B 5.08% ASSET BACKED CERTIFICATE Summary of Terms and Conditions The Receivables consist of Principal Receivables which arise generally from the purchase of goods and services and amounts advanced to cardmembers as cash advances and Finance Charge Receivables.

More Definitions of Finance charge

Finance charge means for each Monthly Period an interest amount equal to the Finance Charge Percentage of the average daily Account Balance outstanding during such Monthly Period.

Finance charge means the cost of consumer credit as a dollar amount. It includes any charge payable directly or indirectly by the consumer and imposed directly or indirectly by the creditor as an incident to or a condition of the extension of credit. It does not include any charge of a type payable in a comparable cash transaction.

Finance charge in relation to any amount means interest on such amount at the rate of up to 24% per annum or such other rate as DBS may from time to time determine without notice, calculated on a daily basis, and subject to a minimum monthly interest of S$2.50 or such other sum as may be determined from time to time by DBS without notice.

Finance charge means the sum of all charges, payable directly or indirectly by the customer as an incident to or as a con- dition of the extension of credit, whether paid or payable by the customer, the creditor or any other person on behalf of the cus- tomer to the creditor or to a 3rd party unless the creditor had no notice or knowledge of the charges paid or payable to the 3rd party. The term does not include any charge with respect to a motor vehicle consumer lease. The term includes the following types of charges to the extent they are not permitted additional charges under s. 422.202, delinquency charges under s. 422.203 or deferral charges under s. 422.204:

Finance charge means “finance charge” as defined in section 537.1301, subsection 21.

Finance charge means the interest that is levied on the Cashback Credit Card account when the full payment is not made by the due date. A description of the finance charge computation and associated interest rate can be found in the Tariff Sheet on page 19 in the service guide section of this booklet.

Finance charge means an interest amount equal to the Finance Charge Percentage of the ending daily Account Balance for the relevant period.