Acquisition Charge

Business, Legal & Accounting Glossary

Definition: Acquisition Charge




Full Definition of Acquisition Charge


A fee imposed upon a borrower who satisfies a loan prior to the date of payment specified in the loan agreement.

Many home mortgages provide that if the persons who borrowed the money want to repay their mortgage within two years, they must pay an acquisition charge of a small percentage of the outstanding balance of the mortgage. A prepayment penalty is another name for acquisition charge.


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https://payrollheaven.com/define/acquisition-charge/
Modern Language Association (MLA):
Acquisition Charge. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. October 15, 2021 https://payrollheaven.com/define/acquisition-charge/.
Chicago Manual of Style (CMS):
Acquisition Charge. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/acquisition-charge/ (accessed: October 15, 2021).
American Psychological Association (APA):
Acquisition Charge. PayrollHeaven.com. Retrieved October 15, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/acquisition-charge/

Definition Sources


Definitions for Acquisition Charge are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 8th October, 2021 | 0 Views.