PRIVATE LEDGER see LEDGER.
FINANCE CHARGE is the total dollar amount your loan will cost you. It includes all interest payments for the life of the loan, any interest paid at closing, your origination fee and any other charges paid to the lender and/or broker. In real estate, appraisal, credit report and title search fees are normally not included in the finance charge calculation.
AFE, dependent upon usage, is an acronym for Authorization for Expenditure or Average Funds Employed.
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