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finance charge
noun
- interest or a fee charged for borrowing money or buying on credit.
Example Sentences
In July, prosecutors dropped a campaign finance charge, prompting many an incorrect social media report that they’d also dropped all other federal charges as well.
They said they may oppose the prosecution’s plans to introduce evidence related to severed or withdrawn counts, such as the campaign finance charge.
THE FACTS: Federal prosecutors said last week that they are no longer pursuing one campaign finance charge against Bankman-Fried, but confirmed he still faces a criminal trial in October on other charges.
“The only count the Government will not pursue is count 8, the campaign finance charge,” Biase told the AP in an email.
As the AP reported, the campaign finance charge pertained to the government’s allegation that Bankman-Fried had enabled over $100 million siphoned from Alameda Research — his cryptocurrency hedge fund trading firm — to fund unlawful political contributions.
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