service charge
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.
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