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What is the fee charged to borrow money called?
The fee charged to borrow money is called interest.
What is a fee charged for using the credit card even when you pay off the balance in full every month called?
It's probably called something like an activity fee.
What do you call the fee charged for borrowing money?
Interest.
What is the fee charged for lending money called?
The fee charged for lending money is commonly referred to as interest. It is typically expressed as a percentage of the principal amount lent and represents the cost of borrowing over a specific period. Interest can vary based on factors such as the lender's policies, the borrower's creditworthiness, and prevailing market conditions.
What is the term defined as a fee charged for the use of money?
The term defined as a fee charged for the use of money is "interest." Interest is typically expressed as a percentage of the principal amount and can be applied to loans, credit, and savings. It compensates lenders for the risk of lending money and the opportunity cost of not using the funds elsewhere. Interest can be simple or compound, depending on how it is calculated over time.
What is the fee charged to borrow money called?
The fee charged to borrow money is called interest.
What is a fee charged for using the credit card even when you pay off the balance in full every month called?
It's probably called something like an activity fee.
What do you call the fee charged for borrowing money?
Interest.
Which term is defined as a fee charged for the use of money?
interest
The amount of money borrow is called the?
Principal is the amount of money you borrow. Interest is the fee charged by the lender (or bank) to use their money. The total amount of money you pay back is the principle + interest.
What is upgrade fee?
An upgrade fee is an amount of money that you are charged in order to increase the performance or value of something.
What of these is not an example of a bank fee that is charged when opening and using a checking account?
minimum check writing fee
What is an example of a bank fee that is charged when opening and using a checking account?
minimum check-writing fee
What is a example of a bank fee that is charged when opening and using a checking account?
minimum check-writing fee
What is the fee charged for lending money called?
The fee charged for lending money is commonly referred to as interest. It is typically expressed as a percentage of the principal amount lent and represents the cost of borrowing over a specific period. Interest can vary based on factors such as the lender's policies, the borrower's creditworthiness, and prevailing market conditions.
What is the term defined as a fee charged for the use of money?
The term defined as a fee charged for the use of money is "interest." Interest is typically expressed as a percentage of the principal amount and can be applied to loans, credit, and savings. It compensates lenders for the risk of lending money and the opportunity cost of not using the funds elsewhere. Interest can be simple or compound, depending on how it is calculated over time.
Moneylenders made loans and charged a fee called?
interest
