maintenance fee

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Maintenance fee

A yearly charge to maintain brokerage accounts, such as asset management accounts or IRAs.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Maintenance Fee

1. An annual fee that a brokerage assesses on all accounts for the ability to keep an account at that brokerage. The maintenance fee may be larger if an account has few transactions on it for a given year. See also: Inactivity fee.

2. See: Homeowners' association fee.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

maintenance fee

The fee charged by a financial institution to keep an investor's account. For example, some brokerage firms levy a maintenance fee on accounts that have been inactive during a year. Nearly all firms offering sweep accounts charge an annual maintenance fee.
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.

maintenance fee

Another name for a condo association fee and homeowners association fee, and sometimes used to describe the rent charged to a co-operative apartment owner.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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As part of the recent reduction, CDC has provided 100% waiver on Maintenance fee for such Sub-Account holders who also have Investor Accounts.
The new norm would see the account maintenance fee being reduced to EUR2.
"It was observed that majority of the unit owners are delinquent in their payment of the maintenance fee but the corresponding penalties and charges were not imposed, inconsistent with the Occupancy Agreement and the Numancia Residences House Rules and Regulations," COA said.
KARACHI -- For promoting investors' protection, Central Depository Company (CDC) has reduced the annual maintenance fee for its investor account by 27 percent; effective from July 2017.
Time-share owners are generally required to pay an annual maintenance fee that covers the pro rate upkeep of the resort itself, plus housekeeping services.
The License Agreement provides that Pieris may continue the license by paying Enumeral an additional maintenance fee in the amount of US750,000 by 31 May 2016.
A survey of banks showed an average yearly checking account maintenance fee of $159 per year for the average American.
The broker-dealer said earlier this year that it was getting rid of the research strategist fee and annual IRA maintenance fee in its Model Wealth Portfolios.
The most recent survey on bank fees shows that the number of checking accounts with no monthly maintenance fee declined by 5 percent over the past year to just 30.3 percent of all accounts.
Mobile phone service providers increased the maintenance fee by 1% on all recharges and reloads.

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