Upfront Fee

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Upfront Fee

A fee paid before a good is produced or a service is performed. The upfront fee is generally a portion of the total fee that the buyer must pay. For example, one may commission an artist to paint a portrait and pay a 20% upfront fee, paying the remainder when the portrait is finished. It is also called an advance fee.
References in periodicals archive ?
The Dubai Financial Services Authority (DFSA) has advised the public to watch out for this so-called advance fee scam, which is all part of the charade to steal people's money.
There has also been a significant increase in advance fee payment fraud.
Collecting fees in advance to allow companies to carry on their business activities is a serious mistake for sound economic solutions and against the principle of advance fee collection.
The governor's media aides also observed that unwieldy number of political parties is invariably encouraging corruption in the country, pointing out that some criminally minded persons merely establish fake political parties in order to perpetrate Advance Fee Fraud, generally referred to as 419, in order to defraud unsuspecting persons and corporate organisations within and outside Nigeria.
Reports show that fraudsters are offering to sell victims a timeshare on a holiday property for an advance fee.
This is known as advance fee fraud and the offer is just a prelude to demands for money to cover Esupposed fees and taxes.
The fraudsters will tell you how much tax you can claim back but emphasise that an advance fee payment is required in order to make the tax claim successful.
According to notification, all public and private schools, colleges and other institutions will remained closed from June 5 to August 6 in connection with summer vacations and the private schools have been directed not to charge advance fee of the period of vocations from students.
His topics include employee theft and fraud, organizational fraud, small business fraud, investment fraud, organized retail fraud and theft, frauds targeting the individual, frauds against the elderly, advance fee fraud, identity theft and fraud, and Internet fraud.
Consumers in UAE now have access to a card which combines zero per cent balance transfers, no annual membership fee, no cash advance fee, no late fees and no over-limit fee.
The bank said that the card combines zero percent balance transfers, no annual membership fee, no cash advance fee, no late fees and no over-limit fee.
The new Sainsbury's Nectar Purchase Credit Card offers successful applicants 0% interest on purchases and balance transfers for 18 months, 3% balance transfer fee, no cash advance fee on Sainsbury's Travel Money purchases, double Nectar points on all Sainsbury's shopping, and one Nectar point for every GBP5 spent outside of Sainsbury's.

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