answersLogoWhite

0

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.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

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 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.


What is the fee charged to borrow money called?

The fee charged to borrow money is called interest.


What is the practice of lending money with iniquitous rates?

The practice of lending money, with interest rates "above the lawful rate", is called usury.


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.


How do banks earn revenue by lending money?

All banks earn a revenue by lending money. Banks make profit and generate revenue by two ways:By charging you a fee for the services they provide youBy lending the money you have deposited into your account, to other loan customers and getting an interest on the same.Interest income is the highest revenue and profit generator for any bank.


What is a fee charged for using money is called?

intrest?


Is there much money to be made in hard money lending?

You can make a profit in lending money. Success depends on who you lend to.


What is the fee a borrower pays to the lender for using money?

The fee a borrower pays to the lender for using money is called interest. This is typically expressed as a percentage of the loan amount and is calculated over a specified period of time. Interest compensates the lender for the risk of lending and the opportunity cost of not using that money elsewhere. The total interest paid can vary based on the loan's terms, the borrower's creditworthiness, and prevailing market rates.


What is it called when you don't owe anyone money?

intrest fee


What is the practice of lending money for interest?

the practice of lending money is the practice of your moms vagina


In medieval times the practice of Lending money for interest called?

usury Lending money for interest is a very old process. But now the way of doing this has changed. On internet you can find sites like www.yes-secure.com which allow you to lend your money to others via their site. These sites check for the credit and history of the borrowers and thier ability to repay the loans which you will lend to them. The practice of lending should be done with proper care as may loss your money.