The term "fare" has several meanings, depending on its context.
1) In a general sense, fare refers to the cost or price paid for transportation, such as bus, train, plane tickets, etc. For example, "How much does it cost for a one-way ticket?"
2) Fare can also refer to the amount of money collected by a taxi driver after completing a journey. For instance, "I need to take a cab, how much will be the fare?"
3) In a more specific sense, fare refers to the cost of using public transportation such as buses or trains within a particular city or region. An example usage would be: "What is the local fare for riding on the bus?"