termination fee

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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.
References in periodicals archive ?
In addition to being more easily able to walk away from a deal, termination fees that are too low or non-existent may open the door for other bidders (Officer, 2003).
Early termination fees are unlawful penalties used simply as an anti-competitive device and do not compensate ADT for any true costs of breach.
Qahtani also predicted termination fees -- effectively the minimum local call charge -- would be cut, having stayed unchanged for about four years.
UNFAIR early termination fees are hurting consumers in Bahrain and they should be made illegal.
lt;p>Google's decision to charge an early termination fee for the Nexus One has been controversial because both Google and T-Mobile currently charge users separate early termination fees if they drop their Nexus One in less than four months.
While the IRS has historically sought to disallow deductions for merger termination fees paid under these circumstances, the decision reinforces the importance of the underlying facts and circumstances in making this determination.
As construction projects turn south, developers and their marketers are increasingly splitting up, leading to battles over termination fees.
Hansen Natural is to pay more than $100 million in early termination fees in order for Coca-Cola Co.
The bill also permits landlords to recover liquidated damages or early termination fees if they are provided for in the rental agreement.
If the merger is not completed by March 31, Capital has agreed to relinquish its rights of first and last offer to acquire the ILM II communities and to reduce the termination fees payable to the company under certain limited circumstances.
WASHINGTON -- Today, CTIA-The Wireless Association[R] Vice President of Regulatory Affairs Chris Guttman-McCabe issued the following statement in response to the FCC's request for information on early termination fees (ETFs):
In its latest move, T-Mobile is eliminating one of the last remaining obstacles for individuals and families wanting to switch from AT&T, Sprint or Verizon to the Un-carrier by offering to pay off their early termination fees.
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