What are these charges on my invoice?

Here are definitions for charges you may possibly see on your invoice.

Sales/Use Tax
Glossary of Terms, What are these charges on my invoice?

In most states and some local jurisdictions, we are required to collect sales/use tax on each monthly lease payment. Since…

Returned Check Fee / NSF Charge
Glossary of Terms, What are these charges on my invoice?

If your payment is returned from your bank for any reason, we may charge you a fee.

Property Tax
Glossary of Terms, What are these charges on my invoice?

Many local jurisdictions assess an annual tax on tangible personal property. The lessor, as owner of the equipment, pays this…

One-time Documentation Fee
Glossary of Terms, What are these charges on my invoice?

PEAC Solutions does not charge an application fee. We may charge a fee to compensate us for processing the documents…

Late Charge
Glossary of Terms, What are these charges on my invoice?

If we receive your payment after the due date on the invoice, you may be assessed a late charge. The…

Interim Rent
Glossary of Terms, What are these charges on my invoice?

Interim rent is a partial payment that covers the time period between the day we verify you’ve received your equipment…

Contract Payment
Glossary of Terms, What are these charges on my invoice?

This is the regular monthly/quarterly/annual payment amount, according to your contract.

PEAC™ IS A TRADEMARK OF MARLIN LEASING CORPORATION®. ALL RIGHTS RESERVED.
Equipment Financing is provided by Marlin Leasing Corporation. Working Capital Loans are originated by WebBank.