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Can a business charge a finance charge but bill directly with invoices?
Wiki User
∙ 15y ago
Yes. If you signed a credit application that says it will charge you if you pay out side of your payment terms agreement. On the bottom of our invoices is states "PAST DUE ACCOUNTS SUBJECT TO CHARGE OF 1.5% OR MAXIMUM PERMITTED BY LAW". We bill them out with our regular invoices. Having an account with a vendor is no different then a credit card. Both will charge you if you are late. If you pay on time there should not be an FC on your account. If you are not sure what your payment terms are contact the Accounts Recievables Department of the business. They can help you.
Wiki User
∙ 15y ago
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What is finance charge?
A finance charge is interest charged by a lender on the unpaid balance of a loan.
What is a finance charge?
A finance charge is interest charged by a lender on the unpaid balance of a loan.
What are finance costs?
IN Basic they would be costs of interest charged on business loans, costs of banking, costs of purchasing a loan. Banks will charge to arrange a business a loan.
Calculate the average daily balance and finance charge?
Calculate the average balance and finance charge
What is the difference between a service charge and a finance charge?
A service charge is typically a charge for a specific action that a company performs on an account or an order. A finance charge is an amount of interest that is charged on an amount of principal owed by a customer.
Who is the Minister-Delegate to the Minister of Finance in Charge of the Budget for Algeria?
Hadji Baba Ammi is the Minister-Delegate to the Minister of Finance in Charge of the Budget for Algeria.
Can a company that is not a finance company charge interest and finance charges to someone it has lent money?
Yes.
What is mean by 2nd pari passu charge?
Parri Passu charge in terms of finance is equal charge on borrower, especially incase of default/bankruptcy Parri Passu charge in terms of finance is equal charge on borrower, especially incase of default/bankruptcy
Is there a minimum finance charge on the master card?
Minimum Finance charges have nothing to do with MasterCard and everything to do with your Financial Institution. Example of Financial Institution "US Bank". Any Credit Card, regardless of type, is going to have a minimum finance charge. You can find out how much the charge is by reading your Card member agreement. You can avoid interest or the minimum finance charge by paying the full balance on you credit card bill.
The dollar amount that is paid for the credit?
finance charge
How does a company calculate the finance charge on a mobile trailer?
i need to know how a calculation of finance charge was figured out. it is a original loan at 18,084 for 12 yrs at 5.75% interest.
What is capital charges?
In finance the capital charge is the amount of money shareholders require each year in return for providing financing to a business. It is essentially a theoretical number which is supposed to reflect the return stockholders expect for the amount of risk in the business.
