Line Item Types

A summary of the different types of line items in the Canopy system of record, including interest, fees, payments, and principal transactions, and their descriptions and effects on account balances.

In the Canopy system of record, a line item represents a transaction that occurs on a customerā€™s account. These line items can be created via API call (eg. POST payment, charge) or could be created via an automated action (eg. applying a late fee to an account, issuer processor voiding a transaction). See additional information regarding line item status here. Line items can broadly be categorized into four groups:

Interest

These are different types of interest that can accrue in a customerā€™s account.

NameDescription
AM_DIAggregated deferred interest accrued on embedded loan line items, calculated at the end of the promotional period.
AM_INTERESTInterest accrued on an embedded loan line items.
CHARGE_REVERSAL_INTERESTA line item, related to a CHARGE_REVERSAL, that decreases the account interest balance by the amount of the interest assessed on the reversed CHARGE line item.
CREDIT_OFFSET_INTERESTAn arbitrary line item created to increase the interest balance of the account.
CREDIT_OFFSET_DEFERRED_INTERESTAn arbitrary line item created to increase the deferred interest balance of the account.
DEFERRED_INTERESTDeferred interest accrued on account from within the promotional period.
INTERESTAccrued interest which increases the balance of an account.
PAYMENT_REVERSAL_INTEREST
(Deprecated)
Generated if the account accrues additional interest due to a payment reversal. This is due to a higher principal balance for interest generation based on the payment's reversal.
PAYMENT_REVERSAL_DEFERRED_INTEREST
(Deprecated)
Generated if the account accrues additional deferred interest during a deferred interest promotion due to a payment reversal. This is due to a higher principal balance for interest generation based on the payment's reversal.

Fees

These are various fees that can be assessed against a customers account either manually or through a scheduled process. Most fees need to be defined for a product or account before any fees are assessed for a customer.

NameDescription
AM_FEEFee assessed on an embedded loan line item.
CREDIT_OFFSET_FEEAn arbitrary line item created to increase the fee balance of the account.
FEEA fee assessed, which increases the balance of an account.
LATE_FEEA fee assessed as a result of late or missed payments, which increases the balance of an account.
MANUAL_FEEAn arbitrary line item created to increase the fees balance of an account.
MONTH_FEE
(Deprecated)
Deprecated and replaced by RECURRING_FEE.
ORIG_FEEAn origination fee assessed on an account for a principal line item.
ORIG_FEE_FOR_AMAn origination fee assessed on an account for a LOAN line item.
PAYMENT_REVERSAL_FEE
(Deprecated)
If a payment is reversed, then any fees that would have been charged to an account had the payment not been made will appear as a payment_reversal_fee.
RECURRING_FEEA fee assessed, which increases the balance of an account, that occurs on some fixed interval (monthly, yearly, etc.)
RETURN_CHECK_FEEA line item that increases fees balance of an account: assessed based on product configuration as a result of a PAYMENT_REVERSAL line item.
YEAR_FEE
(Deprecated)
Deprecated and replaced by RECURRING_FEE.

Payments

Payments are transactions that decreases the balance owed on an account.

NameDescription
CHARGE_REVERSALA line item that reverses a CHARGE line item, decreasing the account balance by the same amount. This is distinct from a REFUND because a CHARGE_REVERSAL will also reverse fees and interest on the account as a result of the reversed CHARGE.
CHARGE_REVERSAL_FEEA line item, related to a CHARGE_REVERSAL, that decreases the account fee balance by the amount of the fees assessed on the reversed CHARGE line item.
CHARGE_REVERSAL_PRINCIPALA line item, related to a CHARGE_REVERSAL, that decreases the account principal by the principal amount of the reversed CHARGE line item.
DEBIT_OFFSETAn arbitrary line item created to decrease the principal, interest, or fee balance of the account. The allocation column of this line item determines whether this offset is applied to principal, interest, or fees.
DI_WAIVERDeferred interest waiver. An amount of interest, which will be reversed if a loan is paid off before promotion expiration.
REFUNDAn arbitrary line item that decreases the account balance: this is distinct from a CHARGE_REVERSAL, which will also reverse fees and interest on the account as a result of the reversed CHARGE.
PAYMENTPayment created via API call
PAYMENT_SPLITLine item representing portion of payment applied to reducing a particular fee, interest, or principal line item. See Payment Split.
REFINANCE_OFFSETA line item created when refinancing, which decreases the principal balance due in the account's current cycle.

Principal

Principal transactions add to the principal balance of the account.

NameDescription
CHARGEA simple principal line item that increases the balance of an account.
CREDIT OFFSETAn arbitrary line item created to increase the principal balance of the account.
LOANAn embedded installment loan which increases the principal balance of an account.
PAYMENT_REVERSALA line item which reverses a PAYMENT line item, increasing the account balance by the corresponding amount.

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