Words / I / Law

increased costs

phrase

C1CEFR level
70/100Rarity: rare
TechnicalRegister

Additional expenses that a change in law or regulatory capital requirement imposes on a lender, which the borrower must reimburse under the agreement.

The lenders invoked the increased costs clause after new capital rules raised the cost of holding the loan.

Topic: Banking & finance law in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Banking & finance law