origination fee

(eg. explanation, fire, vexed )

origination fee Meaning of "origination fee"

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Definition(s):

  • (n) a fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan

Usage(s):

  • If it's higher than what you were promised, the bank may have slipped in an origination fee or given you a higher interest rate.
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incendiary
/ɪn ˈsɛn di ɛ ri /

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