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 ?
tcb is particularly useful for travel abroad as it avoids advance fees or bookings.
5, on fees and costs for legal services, provides a definition for retainers, flat fees, and advance fees.
Coun Marcus Hart, joint committee chairman of the team, said: "Scams take many forms, including fake prize draws, bogus health cures, pyramid selling and letters asking for advance fees.
You will likely be asked to provide advance fees for taxes, attorney fees or transaction costs.
government officials, asking for help in placing large sums of money in overseas bank accounts or asking for advance fees to be able to collect any funds or alleged winnings.
He claimed the fraudsters obtained pounds 269,000 in advance fees and collected almost pounds 500,000 in outstanding debts,but only paid out pounds 32,000 over three years from their offices,basedin Birkenhead and the West Midlands.
Students at the university pay pounds 1,100a term in advance fees but the new system could mean bigger tuition bills, and universities will be able to set charges up to a maximum of pounds 3,000.
A key provision of the act that attempted to exempt payday advance fees from the state usury limit was later found unconstitutional by the state Supreme Court, just as the staff attorneys predicted it would be.
Throughout the fraud, the person is asked to provide advance fees for taxes, legal fees, transaction fees and bribes.
Throughout the fraud, the person is asked to provide advance fees for taxes, legal fees, transaction fees and bribes - but once that money is paid, the promised cash fails to materialise from abroad.
Failure immediately remit the funds led to forfeiture of the advance fees.

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