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In Business / College | 2025-07-03

What does a lender charge a borrower for using the lender's money?
A. Discount point
B. Interest
C. Principal
D. Usury

Asked by hayboo3

Answer (2)

Lenders charge borrowers interest for the use of money, calculated based on a percentage of the loan amount. Additional fees, such as discount points , may also apply but interest remains the primary charge. Usury refers to excessively high-interest rates, which are often illegal. ;

Answered by GinnyAnswer | 2025-07-03

The lender primarily charges the borrower interest for the use of their money, calculated as a percentage of the loan amount. Other fees, like discount points, may apply, but interest is the main charge. Usury refers to illegal, excessively high-interest rates.
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Answered by Anonymous | 2025-07-04

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