Time price differential means the amount a buyer pays or is required to pay for the privilege of purchasing goods or services in installments over a period of time. Time price differential does not include the amount, if any, charged for insurance premiums, delinquency charges, attorney fees, court costs, or official fees, but does include all other charges included in a finance charge as that term is defined in section 106 of chapter I of the truth in lending act, 15 USC 1605.
Time price differential means an amount, however denominated or expressed, that is:
Time price differential means the total amount added to the principal balance to determine the balance of the retail buyer's indebtedness under a retail installment contract.
Examples of Time price differential in a sentence
All goods or services sold to Customer are subject to a Time Price Differential of 1 ½% per month (18% per annum) which shall be charged to and payable by Customer on all invoiced amounts not paid at the NET 30 DAYS terms.
More Definitions of Time price differential
Time price differential or "service charge" means the amount however denominated or expressed which the retail buyer contracts to pay or pays for the privilege of purchasing goods or services to be paid for by the buyer in installments; it does not include the amounts, if any, charged for insurance premiums, delinquency charge, attorney's fees, court costs, collection expenses or official fees. Wherever either of such terms is required to be used under the provisions of this act the other may be used interchangeably.
Time price differential. The "Total of Payments" is "Time Balance".
Time price differential means the amount which is paid or payable for the privilege of purchasing goods or services to be paid for by the buyer in installments over a period of time. Time price differential does not include the amount, if any, charged for insurance premiums, delinquency charges, attorney fees, court costs, or official fees, but does include all other charges.
Time price differential means the amount a buyer pays or is required to pay for the privilege of purchasing goods or services in installm ents over a period of time. Time price differential does not include the amount, if any, charged for insurance premiums, delinquency charges, attorney fees, court costs, or official fees, but does include all other charges included in a finance charge as that term is defined in section 106 of chapter I of the tru th in lending act, title I of the consumer credit protection act, Public Law 90-321, 15 U.S.C. 1605.
Time price differential means the total amount
Time price differential means an amount, however denominated, that is:
Time price differential means the amount or amounts, however denominated or computed, in addition to the cash price or prices, to be paid by the retail buyer for the privilege of purchasing goods or services pursuant to a retail installment contract or a retail charge account. The term does not include the amount, if a separate charge is made therefor, for insurance and official fees.