finance charge
Defined in 2 dictionaries — Case Law, U.S. Code
Definitions from Case Law
United States Supreme Court
all charges, payable directly or indirectly by the person to whom the credit is extended, and imposed directly or indirectly by the creditor as an incident to the extension of credit.
Defined by the Supreme Court in Household Credit Services Inc et al. v. Pfennig, 541 U.S. 232 (2004).
United States Code
15 U.S.C. § 1638 — in this section (2 versions over time)
Descriptive explanations of the terms “amount financed”, “finance charge”, “annual percentage rate”, “total of payments”, and “total sale price” as specified by the Bureau. The descriptive explanation of “total sale price” shall include reference to the amount of the downpayment.