service charge Hear it!

service charge Definition

service charge

noun

a fee charged for a service, often in addition to a basic fee

service charge Finance Definition
A finance charge that is triggered by a specific event. For example, a service charge may be assessed on checks issued by credit card companies that allow the card holder to use them for purchases or to pay off other credit cards. A service charge also may be assessed when an overdraft protection on a credit card is triggered.
service charge Usage Examples

Converse of object

  • levy: It is like the common areas of an apartment block but there is no management company to levy service charges and do the work.
  • include: You can tip about 10 % in a British restaurant if the bill doesn't include a service charge.

Adjective modifier

  • monthly: Level one service is available to all subscribers and is included within your membership fee and monthly service charge.
  • fixed: With a fixed service charge, the less gas or electricity you use the higher the effective rate you pay for this energy.

Noun used with modifier

  • %: Hotel Tax and Service Charges At most hotels, a 10-15 % service charge is added to the bill in lieu of tipping.