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Acquisition Charge |
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A fee imposed upon a borrower who satisfies a loan prior to the date of payment specified in the loan agreement. Many home mortgages provide that if the persons who borrowed the money want to repay their mortgage within two years, they must pay an acquisition charge of a small percentage of the outstanding balance of the mortgage. Prepayment penalty is another name for acquisition charge. |
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? References in periodicals archive |
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6 million, or 12 cents per share, after the acquisition charge of $45. Other Segment, which includes acquisition charges related to the LM Capital Markets and Ryan Beck acquisition, posted net revenue of $2. Fourth quarter and fiscal year 1998 results include a one-time acquisition charge of $14 million and $176 million respectively. |
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