early termination fee
Contract exit cost
An early termination fee is a charge for ending a contract before its scheduled completion—common with cell phone plans, leases, and gym memberships.
The fee compensates the provider for lost expected revenue and discourages customers from leaving: I wanted to switch carriers but the early termination fee was three hundred dollars.
- cancellationVoiding of plans
- penaltyPunishment for wrongdoing
- contractEnforceable written agreement
- service agreementTerms governing provided work
- breakageAct of shattering
exit · get out of · fine · prepayment · pay off · lease · wireless · cell phone plan · carrier · gym · membership · apartment · prorated · waiver · clause · fine print · hidden fees · balance
- feesfee, fees, service fee, service charge, flat fee
- membershipsmembership fee, membership card, gym membership, club membership, family membership
- billing feesmonthly fee, late fee, service charge, activation fee, cancellation fee
- lease termslease term, rental agreement, lease, rental contract, rent payment
- rental costsrent, monthly rent, apartment rent, security deposit, late fee
- finestraffic fines, parking fine, parking fines, speeding fine, speeding fines
early termination feerefund
Money returned after purchase
rebate · reimbursement · credit · cashback · money back
early termination feeactivation fee
Initial service payment
initiation fee · setup fee · enrollment fee · installation fee · joining fee
early termination feeloyalty bonus
Benefit for ongoing patronage
sign-on bonus · loyalty reward · welcome bonus · retention bonus · loyalty discount
early, earlier, earliest, terminal, terminate, terminated, terminating, termination, terminations