Examples of Interest Charge in a sentence

The Interest Rate disclosed on this Business Loan and Security Agreement Supplement (the "Interest Rate") is the rate of interest calculated by dividing the Interest Charge by the Amount of Loan.
There is no period within which You may repay Cash Advances or Balance Transfers in order to avoid an Interest Charge.
Interest Charge Example: interest will be charged on 10/15 for balances on 9/15 with credits applied through 10/15.
You agree We may assess, in addition to the Interest Charge, the Other Charges below which are earned when assessed and are not subject to refund or rebate.
In connection with Cash Advances and Balance Transfers, the first monthly billing statement after You receive a Cash Advance or Balance Transfer will include an Interest Charge from the date of those transactions.

More Definitions of Interest Charge

Interest Charge. Dollar amount of interest that the Loan will cost (does not include any Fees) $364,000.00 Interest Rate: 22.8% per annum (Interest rate paid on Amount of Loan if all payments made as scheduled.) Fees: Origination Fee: $21,000.00 (to be deducted from the Loan Amount) Legal Fee: $5,000.00 (to be deducted from the Loan Amount) Returned Payment Fee: $50.00 Late Payment Fee: $50.00 Default Fee: $15,000.00 Please initial this document here

Interest Charge is added to read as follows:

Interest Charge means the interest charge for the purpose of Section 3.07.”

Interest Charge means a charge that accrues over time and is determined by applying a rate to an amount owing under a credit contract;

Interest Charge means, with respect to any period, the sum (without duplication) of the following (in each case eliminating all offsetting debits and credits between the Borrower and its Subsidiaries and all other items required to be eliminated in the course of the preparation of consolidated financial statements of the Borrower and its Subsidiaries in accordance with GAAP): (a) all interest in respect of Indebtedness of the Borrower and its Subsidiaries (including imputed interest on capital lease obligations) deducted in determining Net Income for such period, and (b) all debt discount and expense amortized or required to be amortized in the determination of Net Income for such period.

Interest Charge means interest charged on the following: (i) on fees and charges, including the interest on the said fees and charges, if I opt to pay only the Minimum Amount Due per month; (ii) on the Total Amount Due (less the interest component of the unpaid billed installment amounts of my Installment Loan(s)) when my Ready Credit account is in default at 60 days past due, on my previous and current statements; and (iii) on my Cash Advance transactions starting on the date of the transactions. Such interest is charged based on the daily outstanding balance on my Ready Credit account, which may include unpaid Interest Charges from my previous statements (less the interest component of any outstanding Monthly Installments of my Installment Loan(s))Such interest shall be compounded daily and the interest will continue to accrue until full payment of Total Amount Due plus accrued interest.