Finance Charges definition
Examples of Finance Charges in a sentence
Your monthly statement will show an itemized list of current charges (purchases and cash advances) and Convenience Check transactions to your account, your new balance, any Finance Charges, the minimum payment due, and the payment due date.
You acknowledge that we will not, and you authorize us not to, discharge or release our security interest in the Secured Credit Union Account until all Transactions, Finance Charges and fees and other charges contemplated by this Agreement have been processed and paid and you have otherwise performed all of your obligations under this Agreement.
If immediate payment is demanded, you will continue to pay Finance Charges, at the periodic rate charged before default, until what you owe has been paid, and any shares that were given as security will be applied towards what you owe.
An increase to your Periodic Rate and corresponding Annual Percentage Rate will increase the amount of Finance Charges on Your Account and may increase Your Minimum Payment Due.
To get the average daily balance, We take the beginning balance of Your Account each day, add any new purchases, balance transfers, cash advances, insurance premiums, debit adjustments or other charges and subtract any payments, credits and unpaid Finance Charges.