Definition: A charge associated with processing or creating a loan.
Why it matters
This term can affect how a loan is priced, approved, serviced or reported.
Example
Always interpret the term in the context of the specific agreement and local law.
A charge associated with processing or creating a loan.
This term can affect how a loan is priced, approved, serviced or reported.
Always interpret the term in the context of the specific agreement and local law.