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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 money is called?
intrest?
The fee that a company must pay when borrowing money to fund their business is called?
The fee that a company must pay when borrowing money to fund their business is called interest. This is typically expressed as a percentage of the loan amount and is charged by lenders as compensation for the risk of lending and the opportunity cost of their funds. Interest can vary based on factors such as the borrower's creditworthiness, the loan's duration, and prevailing market rates.
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 do you call the fee charged for borrowing money?
Interest.
What is the fee charged to borrow money called?
The fee charged to borrow money is called interest.
What is the fee for lending money called?
The fee for lending money can refer to each of these: 1. Points. This is a term often used in mortgage lending. 2. Interest. This is most used for the cost of an unpaid loan.
What is a fee charged for using money is called?
intrest?
The fee that a company must pay when borrowing money to fund their business is called?
The fee that a company must pay when borrowing money to fund their business is called interest. This is typically expressed as a percentage of the loan amount and is charged by lenders as compensation for the risk of lending and the opportunity cost of their funds. Interest can vary based on factors such as the borrower's creditworthiness, the loan's duration, and prevailing market rates.
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 a term that refer to the fee a lender charges the borrower for lending money?
The fee is known as charging interest.
What do you call the fee charged for borrowing money?
Interest.
What is the practice of lending money for interest known as?
The practice of lending money for interest is known as usury. This involves charging a fee for the use of borrowed money, typically expressed as a percentage over a period of time.
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.
Moneylenders made loans and charged a fee called?
interest
