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commitment charges

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(Querist)
20 August 2008 what does mean " COMMITMENT CHARGES" on bank Borrowing. as per AS-16.
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CHEZHIYAN

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CHEZHIYAN (Expert)
20 August 2008 Commitment Charges is one of the type of charges collected by the bank.

this charges are collected for the commitment of bank usually @0.20% for every Quarter

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