Public-domain · open source
OpenJurist

precomputed finance charge

Defined in 1 dictionary — U.S. Code

United States Code

12 U.S.C. § 1735F — in this section (4 versions over time)

the term “precomputed finance charge” means interest or a time price differential within the meaning of sections 106(a)(1) and (2) of the Truth in Lending Act (15 U.S.C. 1605(a)(1) and (2)) as computed by an add-on or discount method; and