origination fee

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Definitions from WordNet

Noun origination fee has 1 sense

origination fee - a fee charged to a borrower (especially for a mortgage loan) to cover the costs of initiating the loan
--₁ is a kind of fee

Definitions from the Web

Origination Fee

Definition: An origination fee is a percentage of a loan amount that a lender charges as compensation for processing a loan application.

Sample Sentences:

1. The bank charged a 2% origination fee on the mortgage loan.
2. Before finalizing the loan, make sure to inquire about any origination fees associated with it.
3. The origination fee included in the student loan helped cover administrative costs.

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