Answer:
Finance charge
Step-by-step explanation:
The finance charge represents the total of all costs associated with borrowing money. It includes charges such as the interest, penalties, application fee, insurance on the loan, and any other fees that a lender may impose on the borrower.
While interest is the cost of borrowing money, it is not the only fee for a borrower to obtain credit. The finance charge allows lenders to make profits on the funds they extend to borrowers.