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management charge UK US noun [C]
► FINANCE an amount of money charged by an investment fund or a broker (= a person or a company that buys and sells shares, etc. for others) for investing someone's money: »
The only cost to investors is an annual management charge of 0.6 per cent.
► PROPERTY an amount of money charged by a person or company that manages property for the owner: »
The management charge covers a wide range of costs involved in the day-to-day running of the retirement village.
Financial and business terms. 2012.