Charge Module
a penalty charge
NB: differences between charge and fee: - a charge is not an up-front amount, it is incurred as a result of a breach of agreed terms - a charge is not added to the principal balance and does not therefore accrue interest
Types and nested modules
Type/Module | Description |
the conditions under which charges are applied |
|
options specifying the types of charges, their amounts, and any restrictions on these |
|
the conditions under which charges are applied |
|
options on how to handle multiple charges |
|
the type and conditions of any charge |
|
options specifying the types of charges, their amounts, and any restrictions on these |