termination fee

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Also found in: Acronyms.

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.
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16) Legal assistance attorneys can employ the Empirian case with relevant state statutes to build a foundation upon which to make strong arguments for Soldiers facing early termination fees due to an ETS, retirement, or early discharge.
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By offering new broadband speed tiers to residential and commercial customers and eliminating contracts and early termination fees on our residential offers, we are truly simplifying the broadband experience.
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After making several complaints to the operator, I finally decided to cancel my contract but when I approached them they slapped me with an early termination fee of BD100.
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The survey also shows that nearly half of mobile phone users who have planned with early Termination fees and almost two-thirds of home broadband users with ETFs do not know the amount of the fees they are accountable for.
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Petrolia Drilling expects to eventually get a dividend from Venture Drilling's profit, including its share from the early termination fee from Maersk Oil Angola, Samdal said.
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5 million for claims of unfair early termination fees for its wireless phone services contracts, according to the class action website www.
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If at any point during the 30-day Test Drive customers are not satisfied with their experience and take their number to another wireless carrier, Verizon Wireless will refund their money for their calls, equipment, activation fee and taxes, as well as release them from their contract without an early termination fee when they return their phone within the Test Drive period.
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In the event of termination for convenience, Seadrill Partners is entitled to an early termination fee of 60% of the remaining contract backlog, subject to an upward or downward adjustment depending on the work secured for the West Leo over the remainder of the contract term, plus other direct costs incurred as a result of the early termination.
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Sprint will pay up to $350 per line via a Visa[R] Prepaid Card for a customer's early termination fee or installment bill balance when they switch.
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Customers can save even more when bringing their number to Sprint, even if they're currently under contract with a competing carrier, and can receive up to $350 in credits when they submit their Early Termination Fee letter to Sprint.
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