Amount Financed

Business, Legal & Accounting Glossary

Definition: Amount Financed


Amount Financed


Full Definition of Amount Financed


In terms of the Truth in Lending Act, the amount financed is the entire loan amount minus all lender fees, which are paid at closing (known as “prepaid finance charges”). For example, if someone borrows a loan of $90,000 and he or she pays the lender $3,000 in fees, the amount financed ends up being $87,000.


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https://payrollheaven.com/define/amount-financed/
Modern Language Association (MLA):
Amount Financed. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 30, 2021 https://payrollheaven.com/define/amount-financed/.
Chicago Manual of Style (CMS):
Amount Financed. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/amount-financed/ (accessed: November 30, 2021).
American Psychological Association (APA):
Amount Financed. PayrollHeaven.com. Retrieved November 30, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/amount-financed/

Definition Sources


Definitions for Amount Financed 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: 20th November, 2021 | 0 Views.