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soldier1979 [14.2K]
3 years ago
15

Which term is defined as a fee charged for the use of money?

Social Studies
2 answers:
Naddika [18.5K]3 years ago
8 0
Assuming you mean a loan, you have to pay interest
tatiyna3 years ago
5 0
 Interest is defined as a fee charged for the use of money..

Explanation:

<span>Interest is a payment from a </span>receiver<span> or deposit-taking </span>financial organisation<span> to a </span>loaner<span> or </span>investor<span> of a </span>quantity higher than reimbursement<span> of the </span>capital<span> (i.e., </span>the quantity<span> borrowed), at </span>a specific<span> rate. I</span>t's<span> distinct from a fee </span>that<span> the </span>receiver might<span> pay the </span>loaner<span> or some third party. </span>it's conjointly<span> distinct from the dividend </span>that<span> is paid by </span>an organization<span> to its shareholders (owners) from its profit or reserve, </span>however<span> not at </span>a specific<span> rate </span>determined.<span />
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