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service charge definition - finance
A finance charge that is triggered by a specific event. For example, a service charge may be assessed on checks issued by credit card companies that allow the card holder to use them for purchases or to pay off other credit cards. A service charge also may be assessed when an overdraft protection on a credit card is triggered.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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