termination fee

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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Under the terms of the agreement, no termination fees will be paid by any of the parties and Astellas is entitled to a 10-year, 2% royalty on net sales of VIBATIV.
UNFAIR early termination fees are hurting consumers in Bahrain and they should be made illegal.
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.
<p>Google's decision to charge an early termination fee for the Nexus One has been controversial because both Google and T-Mobile currently charge users separate early termination fees if they drop their Nexus One in less than four months.
The RRT further proposes to adapt access obligations, so that Lithuanian mobile operators cannot refuse to provide access to competitors who charge the same or lower termination fees than themselves.
In exchange for the deal, Goldman Sachs Group, Inc has received USD285m in termination fees. Under the original agreement, Goldman Sachs Group, Inc would have received a USD1bn termination payment to close the credit line after a CIT bankruptcy.
The Service has historically taken the position that if a taxpayer seeks to engage in a merger or acquisition, contracts to do so with another taxpayer, and then subsequently receives a more attractive offer from a different taxpayer, any termination fees paid to cancel the original agreement in favor of pursuing the more attractive offer are deemed to facilitate the consummation of the more attractive offer.
As construction projects turn south, developers and their marketers are increasingly splitting up, leading to battles over termination fees.
* Sprint will pay $17.5 million for claims of unfair early termination fees for its wireless phone services contracts, according to the class action website www.sprintetfsettlement.com.
Hansen Natural is to pay more than $100 million in early termination fees in order for Coca-Cola Co.
Second, businesses were keeping the cars for the length of their contract hire agreement and avoiding early termination fees. Christophe said Network brokers often saw businesses handing back their cars early to take advantage of a new car on the market.
service provider to commit to a national policy of declining Early Termination Fees (ETFs).
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