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.

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.
References in periodicals archive ?
Aetna and Humana talked about termination fees sooner than Anthem and Cigna.
The contract terminations will also trigger termination fees to be paid over 2016-2017.
BANKING AND CREDIT NEWS-May 27, 2015-Metro Bank to abolish value dating and termination fees for SMEs
M2 EQUITYBITES-May 27, 2015-Metro Bank to abolish value dating and termination fees for SMEs
The Communications and Information Technology Commission of Saudi Arabia has reduced call termination fees by 40%.
And, as it has since January, T-Mobile will pay every penny of you and your family's early termination fees (ETFs) when you make the switch, trade in your devices and upgrade.
Given this number, this study examines the effect of the presence of termination fees on M&A deal completion.
TELECOMWORLDWIRE-January 10, 2014-T-Mobile offers to reimburse customers' early termination fees when they switch from AT&T, Sprint or Verizon
Qahtani also predicted termination fees -- effectively the minimum local call charge -- would be cut, having stayed unchanged for about four years.
UNFAIR early termination fees are hurting consumers in Bahrain and they should be made illegal.
lt;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.
While the IRS has historically sought to disallow deductions for merger termination fees paid under these circumstances, the decision reinforces the importance of the underlying facts and circumstances in making this determination.
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