S:

Security Interest: This is a kind of interest which is charged in a property that secures the payment of an obligation.

Service Charge: It is a kind of fee which is added to a customer’s bill. Its basic purpose often depends on the nature of the service provided. It can be some additional financial charges.

Statement: In a lay man words it is document showing credits and debits an individuals financial transactions. A statement consists of purchases, outstanding balance payments, finance charges, credits and other types of transactions for the month.

Statement Date: The exact date on which a statement is generated, and the finance charges and the interest for the month are added to the balance.

Surcharge: It is an additional charge onto another fee for some extra services.