origination fee
1
6.3
- noun
- /əˌrɪdʒɪˈneɪʃən fiː/
- Specialized
:
comisión de origen
- loan origination fee
- charge an origination fee
- origination fee of 2 percent
Examples
-
Most have a 1% origination fee and a 3.5% loan cost.
Blog text (17) -
They accused the lender of misleading borrowers about origination fees that ran as high as 25 percent of the loan amounts.
Academic text (2007) -
Most lenders charge an origination fee to cover the costs of processing your loan application.
-
Before signing a mortgage agreement, make sure you understand the origination fee included in the costs.
-
You will need to budget for the origination fee when applying for a new home loan.
Synonyms
729
1.0
Money paid for a service or right
4
3.1
Money you pay in interest and fees to use money from a bank or another person
How High
Surface Forms
Morphology
The meaning is directly compositional: 'origination' = the act of initiating and 'fee' = a payment, so 'origination fee' clearly denotes a payment charged for initiating (e.g. a loan). This 'X fee' noun-noun pattern is common and cross-linguistically transparent, so a B1 learner who knows both constituents should be able to infer the MWE meaning.
Etymology
The noun origination fee comes from the idea of paying a small charge when a loan is first started; origination means the start and fee is the payment for the work to 'start' and 'process' the loan. That's why it means the charge a lender adds to begin a loan.