Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun A fee charged by a lender to a borrower on initiation of a loan, often as a percentage of the total principal.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun a fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan
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