Cartoon Guy Holding Stack Of Books

Patent Pending

ABC Blocks

Fees charged by a credit card company or bank for using (or failing to use) its services in particular ways, such as inactivity fees, fees for not carrying a balance on a credit card, or fees for using an atm or a teller. sometimes used to refer to any fee a company charges that is disproportionate to the actual cost of the service provided or the activity being penalized, such as a $100 fee to change an airline seat or a $500 fee to have real estate documents notarized when purchasing a house.

Was This Term Helpful?

0 out of 0 found this helpful


Still got a question or concern?

Click here to contact us or go back to the main Glossary page.