exit fee
Cost of leaving
An exit fee is a charge for leaving an agreement early—canceling a contract, withdrawing from an investment, or ending a membership before its term expires.
The fee discourages premature departure and compensates the other party for lost revenue: The cell phone contract included a $200 exit fee.
Also called an early termination fee.
Extra fee added
- commissionPayment for services rendered
- processingSystematic operation on data
- transactionExchange of goods/money
- service chargeFee for being served
handling · administrative · debit · assessment · levy · charge · cost · payment
Voiding of plans
- terminationAct of ending something
- early terminationEnding before intended completion
- severanceTermination pay or disconnection
- withdrawalAct of taking away
penalty · breakage · rescission · prepayment · buyout · release · discontinuation · annulment
Recovery or moral restoration
- surrenderCease resistance, yield
- liquidationSelling assets for cash
- withdrawal penaltyCharge for premature fund removal
- fundReserved money supply
portfolio · 401k · IRA · annuity · brokerage · asset · divestment · early withdrawal
Ending a rental agreement
- sublettingRenting out rented property
- tenancyRenter's period of residence
- rentalPaid temporary use
- landlordProperty owner renting out
security deposit · reletting · vacancy · apartment · commercial lease
Ending a legal agreement
- carrierOne that transports
- unlockingReleasing a secured closure
- switchingChanging from one to another
- providerOne who furnishes things
equipment · bundle · subscription · service agreement · porting
surcharge
Extra fee added
- commissionPayment for services rendered
- processingSystematic operation on data
- transactionExchange of goods/money
service charge · handling · administrative · debit · assessment · levy · charge · cost · payment · billing
cancellation
Voiding of plans
- terminationAct of ending something
- early terminationEnding before intended completion
- severanceTermination pay or disconnection
withdrawal · penalty · breakage · rescission · prepayment · buyout · release · discontinuation · annulment · closure
redemption
Recovery or moral restoration
- surrenderCease resistance, yield
- liquidationSelling assets for cash
- withdrawal penaltyCharge for premature fund removal
fund · portfolio · 401k · IRA · annuity · brokerage · asset · divestment · early withdrawal
lease termination
Ending a rental agreement
- sublettingRenting out rented property
- tenancyRenter's period of residence
- rentalPaid temporary use
landlord · security deposit · reletting · vacancy · apartment · commercial lease
contract termination
Ending a legal agreement
provider · equipment · bundle · subscription · service agreement · porting
- parking feeshourly rate, daily rate, monthly rate, surcharge, flat rate
- travel feestourist tax, airport tax, departure tax, hotel tax, room tax
- feesservice charge, service charges, monthly dues, annual dues, membership dues
- contract endingstermination, termination notice, termination date, termination letter, early termination
exit feeentry fee
Payment for access
entrance fee · admission fee · joining fee · initiation fee · enrollment fee
exit feeretention bonus
Payment to keep employees
signing bonus · welcome bonus · loyalty reward · loyalty discount