Annual Fee

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Annual Fee

A fee that a company assesses on a customer simply for being a customer. Annual fees are most common in the financial industry. For example, a credit card company may charge a customer an annual fee of $60 in order to keep that customer's card active.
References in periodicals archive ?
Under the move, annual fees of BD100 could be levied on more than 8,000 domestic projects.
Kesko's Annual General Meeting on 8 April 2019 resolved that approximately 30% of the annual fees for members of Kesko's board of directors will be paid in B series shares in the company.
105 of 2008 stipulated that the right of a patent shall be revoked because of the non-payment of the annual fee in accordance with Article 12 of the Law.
According to the nomination committee, out of this annual fee, 60% would be paid in cash and 40% in Orion B-shares, which would be acquired to the members during 26 April 2019 to 3 May 2019 from the stock exchange in amounts corresponding to EUR33,600 for the chairman, EUR22,000 for the vice chairman and EUR16,800 for each of the other members.
During the meeting in Islamabad, a franchise owner had asked the PCB chairman Ehsan Mani to return their bank guarantee so they will be able to pay the annual fee. Following that demand, others joined in over the same stance, a source from inside the board reported.
Timeshares at older and less swanky resorts may find no buyers, or sellers might have to pay annual fees for a year or two to induce someone to take their shares.
When I received my statement in March 2018, I was surprised to observe charges for annual fees and then in April, I got another statement with late payment fees, which amounted to a total charge of Dh1,250 (annual fee of Dh1,000 and late payment fee of Dh250).
The two sides also signed a formal agreement to double the term of licence for the oil related companies from 15 to 30 years with a fee of Rs2.5 million per licence while annual fee structure was based on the market size and throughput sales.
The benefits for this card are: it has no annual fee; it offers five percent cash back for purchases at Amazon and Target up to $1,500 through December 2017; and for the first year, there is no annual fee.
Al-Zahrani added that the bank offers its customers the opportunity to benefit from credit cards without annual fees for life whether used inside or outside the Kingdom or even online for a minimum total amount of SAR 6,000 throughout the year.
A private company owned by various local TV stations, Velister is a platform carrying digital signals for licensed television channels at an annual fee.
Upon entering the CCF in 2009, the bank recognised the present value of the annual fees payable under the agreement, GBP1,208m, as a liability and debited a contingent capital reserve within equity, after the cancellation of CCF, the outstanding final annual fee of GBP320m will no longer be payable.

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