A fee is a payment or compensation given in exchange for a service, usually monetary but can also be goods or services. It is typically paid by one party to another as a form of reimbursement for expenses incurred or work done.
Usage examples
The admission fee for the museum is $10.
I had to pay a consulting fee for their expertise and advice.
The university charges an annual tuition fee for every student.
The bank imposes a transaction fee for using their ATM machines.
My lawyer sent me an invoice for the legal fees associated with my case.
We received a parking ticket and had to pay a fine as a penalty fee.
I paid a membership fee to join the local gym.
The airline charges an additional baggage fee for every extra suitcase.
I signed up for an online course that required a registration fee.
The wedding venue required a deposit fee to secure our reservation.
Meanwhile, about 500,000 households were paying annual fees for online subscriptions, representing about 15 % of the company's revenue. (inc.com)
Put another way, this bonus can pay for nearly four years of annual fees of $ 45. (valuepenguin.com)
While investment counsel will charge annual fees of 1 % or more of your portfolio, customized portfolios set up with the appropriate asset allocation will perform better in the long run. (moneysense.ca)