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Home > Manage Your Account > Understanding Your Invoice > What are these charges on my invoice? > Contract Payment

Glossary of Terms

Contract Payment

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

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$1 Buyout

$1 Buyout

A $1 buyout lease finances the entire cost of the equipment with only a $1 residual value. When your...

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Administration Fee

Administration Fee

This fee covers Marlin’s cost of filing property tax renditions, corresponding with the taxing aut...

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Advanced Rental Fee

Advanced Rental Fee

Depending on credit and other factors, some customers are required to pay an upfront advanced rental...

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Delivery and Acceptance

Delivery and Acceptance

Some vendors require partial or full payment prior to the delivery of the equipment, which Marlin ma...

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Equipment Finance Agreement

Equipment Finance Agreement

An equipment finance agreement is a loan for the full invoice amount. You own the equipment and you ...

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Equipment Lease

Equipment Lease

An equipment lease is an agreement in which Marlin purchases the equipment and the customer retains ...

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Fair Market Value Lease

Fair Market Value Lease

A Fair Market Value Lease is an equipment lease that offers the option to purchase the equipment end...

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Insurance Fee

Insurance Fee

Your lease contract may require you to have insurance that protects the equipment against all risks ...

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Interim Rent

Interim Rent

Interim rent is a partial payment that covers the time period between the day we verify you've recei...

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Installment Payment Agreement

Installment Payment Agreement

An installment payment agreement is a loan for the full invoice amount, used for the finance of soft...

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Late Charge

Late Charge

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

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One-time Documentation Fee

One-time Documentation Fee

Marlin does not charge an application fee. We may charge a fee to compensate us for processing the d...

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Origination Fee

Origination Fee

Marlin does not charge an application fee. We may charge a fee to compensate us for processing the d...

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Personal Guarantee

Personal Guarantee

If your business does not have sufficient commercial credit, you can provide us with a personal guar...

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Power of Attorney

Power of Attorney

When purchasing a vehicle through us, there is a point in the process where you'll have to assign po...

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