Akademik

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

* * *

service charge service charge charge1

* * *

service charge UK US noun [C]
COMMERCE an amount of money added to the basic price of something to pay for the cost of dealing with the customer: »

A $10.00 service charge will be deducted from the sale proceeds.

»

A service charge of 17% is usually added to your bill.

[usually plural] BANKING an amount of money that a customer pays to a bank for its services: »

Service charges on consumer and commercial accounts accounted for 35% of the bank's revenue.

UK PROPERTY an amount of money paid to the owner of an apartment or office building for services such as cleaning and repairs: »

Thousands of leaseholders have been waiting for the chance to contest high service charges.

»

If you live in a flat and pay a service charge, your buildings insurance should be included in this cost.


Financial and business terms. 2012.