; and (B) includes financing with an established principal amount and duration. (2) Consumer financial product or service The term consumer financial product or service has the meaning given that term under section 1002 of the Consumer Financial Protection Act of 2010. (3) Director The term Director means the Director of the Bureau. (4) Factoring The term factoring means a transaction that includes an agreement to purchase, transfer, or sell a legally enforceable claim for payment held by a recipient for goods the recipient has supplied or services the recipient has rendered that have been ordered but for which payment has not yet been made. (5) Finance charge (A) In general The term finance charge means the cost of financing as a dollar amount, and includes any charge payable directly or indirectly by the recipient of the financing and imposed directly or indirectly by the provider of the financing as an incident to or a condition of the extension of financing. (B) Calculation in open-end commercial credit plans In any open-end commercial credit plan, the finance charge shall be computed assuming the maximum amount of credit available to the recipient, in each case, is drawn and repaid at the minimum rate. (C) Calculation in factoring transactions In any factoring transaction, the finance charge shall include the discount taken on the face value of the accounts receivable. (D) Calculation in lease financing transactions In any lease financing transaction, the finance charge shall include the sum of the lease payments and, if there is a fixed-price purchase option or a purchase option with a price that can be calculated at the time of disclosure, the purchase price listed in the contract that the lessee may pay to acquire the leased goods at the end of the lease, minus— (i) if the finance company selects, manufactures, or supplies the goods to be leased, the price that the finance company would sell the goods in a cash transaction