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Phrases with «commitment fee»
A
commitment fee
refers to a prepayment made by a borrower to a lender to secure borrowing arrangements. It is an upfront fee paid to demonstrate the borrower's seriousness and commitment to follow through with the loan agreement.
Full definition
fee
(parent phrase)
commitment
(parent phrase)
commitment fee
Sentences with «commitment fee»
A one - time
commitment fee of
$ 200 is payable upon acceptance as a full member.
(
kingstongallery.com
)
If you don't like the sound of that number, try to negotiate a
lower commitment fee
.
(
entrepreneur.com
)
On the downside, there is an
initial commitment fee
.
(
lifeoncredit.ca
)
(see all sentences)
See also
Definition of COMMITMENT FEE
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