Tag: charges

Import Duty What is an 'Import Duty ' Import duty is a tax collected on imports and some exports by the...

DefinitionThe term annual percentage rate of charge, corresponding sometimes to a nominal APR and sometimes to an effective APR, is the interest rate for...

What is 'Past Due Balance Method' A system for calculating interest charges based on any outstanding loan or credit charges that remain...

What does 'Past Due' mean Past due is a loan payment that has not been made as of its due date. A borrower who is...

What is a 'Sales Charge' A sales charge is a commission paid by an investor on his or her investment in a...

What is the 'Fair Credit Billing Act - FCBA' A federal law designed to protect consumers from unfair credit billing practices. The...

Wear And Tear Exclusion What is 'Wear And Tear Exclusion ' A provision of an insurance contract that states that the...

What is ‘Unbundled Life Insurance Policy' An unbundled life insurance policy is a type of insurance policy and planned financial protection that offers money to...

DefinitionA racket is a planned or organized criminal act, usually in which the criminal act is a form of business or a way to...

What is EBITDA and how is it calculated EBITDA is an acronym that stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a...