Service charge


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Service charge

A component of some finance charges, such as the fee for triggering an overdraft checking account into use.

Service Charge

A fee a company or bank assesses for providing an unusual service. For example, a bank may assess a service charge if a person who does not have an account withdraws money from that bank's ATM. It is also called a service fee.
References in periodicals archive ?
Felixstowe Beach Holiday Park - Felixstowe Service Charge PS7.
Golden Coast Holiday Village -Woolacombe Service Charge PS10.
In most cases, he said establishment owners thought the distribution of the service charge proceeds was a management prerogative.
Villanueva added that in most cases, establishment owners thought the distribution of the service charge proceeds was a management prerogative.
Citing data from the Department of Labor and Employment (DOLE), the lawmaker said that from aa2014 to 2017, around 621 establishments out of 212,641 inspected nationwide violated labor provisions on service charge.
As for improvements, a like-for-like replacement cost should be calculated and recovered from the service charge, with the developer making up any shortfall.
The restaurants cannot indulge in gimmicks like these because they no longer can collect service charge.
The court could not interfere with the wording of the service charge clause.
Still, energy costs continue to be our biggest problem since they contribute between 40-50 per cent of total service charges.
The Real Estate Regulatory Agency, or Rera, the regulatory arm of Dubai Land Department, or DLD, has announced the launch of the first Service Charge and Maintenance Index for properties within Dubai's freehold areas.
A lack of consistency on reporting room revenues to firms such as STR Global - with some hotels including service charge, many taking it out completely and others calculating it partly in the figure - is a concern that is repeatedly raised by hoteliers.

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