financing cost
Definition
The total expenses associated with securing financing for a project or business arrangement. Financing costs may include interest payments, financing fees charged by intermediary financial institutions, and the fees or salaries of any personnel required to complete the financing process.
Use financing cost in a sentence
“ You should shop around and always look for the best rate before you ever sign off on the financing cost. ”
“ My department head was concerned about taking out a new line of credit because he believed the financing cost may be too much for our bottom line to bear. ”
“ The financing cost for this transaction will be roughly $15. This includes closing cost and the total interest payments and financing fees. The agreement you have just signed will outline all of the financing costs in more detail. Please take time to read over it. Thankyou for you business and have a great day. ”
