0
What else can I help you with?
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 money is called?
intrest?
What do you call the fee charged for borrowing money?
Interest.
What are the disadvantages of credit unions?
If you withdraw early from a term deposit, you are charged a large fee
Which term is defined as a fee charged for the use of money?
interest
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 money is called?
intrest?
What do you call the fee charged for borrowing money?
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 are the disadvantages of credit unions?
If you withdraw early from a term deposit, you are charged a large fee
What is a fee you are charged when you write a check and do not have enough money in your account to cover it?
You may be charged one of two fees: - An insufficient funds (NSF) fee, if you do not have overdraft protection - An overdraft protection (ODP) fee, if you have overdraft protection and money is transferred from your overdraft account to cover the check
What is the meaning of a loan origination fee?
A loan origination fee is a term that describes a fee charged by the lender to pay for the costs of evaluating, preparing and submitting the proposed mortgage loan.
What is a term that refer to the fee a lender charges the borrower for lending money?
The fee is known as charging interest.
In what circumstances would a contingent fee be paid?
A contingent fee or conditional fee is any fee for services provided where the fee is payable only if there is a favourable result. In the law, it is defined as a "fee charged for a lawyer's services only if the lawsuit is successful or is favorably settled out of court.. Contingent fees are usually calculated as a percentage of the client's net recovery."
What was a fee charged to cross a feudal lord's territory?
a toll-- bridges were very expensive back then, they needed money to pay for them, so they charged to cross them.
