maintenance fee

Maintenance fee

A yearly charge to maintain brokerage accounts, such as asset management accounts or IRAs.

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Maintenance Fee

1. An annual fee that a brokerage assesses on all accounts for the ability to keep an account at that brokerage. The maintenance fee may be larger if an account has few transactions on it for a given year. See also: Inactivity fee.

2. See: Homeowners' association fee.

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maintenance fee

The fee charged by a financial institution to keep an investor's account. For example, some brokerage firms levy a maintenance fee on accounts that have been inactive during a year. Nearly all firms offering sweep accounts charge an annual maintenance fee.

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maintenance fee

Another name for a condo association fee and homeowners association fee, and sometimes used to describe the rent charged to a co-operative apartment owner.