Fee(redirected from feeless)
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A fixed amount or a percentage of an underwriting or principal paid to the underwriter for its services. Also, the charge a mutual fund holder pays for expenses incurred in management and administration of the fund. Also, the rate an account holder pays to a portfolio manager for management of a discretionary account.
An agreed-upon, stated amount one pays for a service or privilege. For example, one may be required to pay a fee to attend college, to open an account with a brokerage, or to do any number of other things. Fees are stated and are usually standardized for the person or organization receiving them.