Meaning Default fee
What does Default fee mean? Here you find 6 meanings of the word Default fee. You can also add a definition of Default fee yourself
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Default feeSynonymous with Guarantee Fee.
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Default feeAn amount of money that you may be charged if you fail to make a repayment when it is due on a loan or credit card.
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Default feeA default fee, commonly called a guarantee fee, is charged to insure a loan against default. It covers part of the cost to the lender when borrowers default on their loans.
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Default feen. cuota de compensación por (or en caso de) incumplimiento de pago
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Default feeAn amount of money that you may be charged if you fail to make a repayment when it is due on a loan or credit card.
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Default feeA default fee is used by the guarantor to maintain reserve funds to reimburse lenders if a student/parent borrower fails to repay a loan (defaults.) Therefore, guarantors may charge a 1% fee.
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| << Deferred establishment fee | Defensive asset >> |
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