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Termination Fee
(redirected from Early termination fee)

   Also found in: Acronyms, Wikipedia 0.01 sec.
Termination Fee
A one-time fee charged to an account holder if he/she transfers or cancels an IRA. The termination fee is levied by the brokerage or bank that manages the IRA and must be spelled out in the agreement that created the account. Some brokerages and banks do not charge a termination fee. See also: Prepayment penalty.

termination fee
The one-time charge for terminating or transferring an individual retirement account. If a financial institution charges a termination fee, the fee must be spelled out in the original agreement that is signed when the account is opened. Some institutions, particularly banks and savings and loans, may not charge termination fees.


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The contracts for monthly plans usually carry an early termination fee if you cancel before your contract term has expired.
If you can''t find an unlocked Blackberry, double and triple check that the model you are buying will work on your network, or be prepared to pay the early termination fee associated with switching networks before your current contract expires.
They include authorization fees, statement fees, batch fees, customer support fees, chargeback fees and an early termination fee.
 
 
 
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