finance charge

American  

noun

1. interest or a fee charged for borrowing money or buying on credit.

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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.

From Slate • Oct. 4, 2023

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.

From Seattle Times • Aug. 4, 2023

In some circumstances, depending on its policies, the auto lender can permit the dealership to add a finance charge to the buy rate.

From Washington Post • Apr. 5, 2023

Mr. Greitens, 46, stepped down in May 2018 after reaching a deal with prosecutors that led to the campaign finance charge being dropped.

From New York Times • Mar. 24, 2021

If I pay the whole amount before the due date, you will refund the unearned portion of the finance charge.

From "The Sense of Style" by Steven Pinker