termination fee
Contract cancellation cost
A termination fee is a charge for ending a contract before its scheduled expiration.
Common in cell phone plans, gym memberships, and leases, it compensates the provider for lost expected revenue: The early termination fee was two hundred dollars.
Also called a cancellation fee or early termination fee.
- cancellationVoiding of plans
- penaltyPunishment for wrongdoing
- exit feeCharge for early withdrawal
- exitWay to leave
- contractEnforceable written agreement
contract clause · breakup · early · lease · fee · charge · fine · buyout · pay off · severance · clause · agreement · breach · mobile · phone · cell phone · carrier · unlock
- contract endingsexpiration, expiry, end, cancellation, ending
- deal termsletter of intent, purchase price, closing date, memorandum of understanding, counteroffer
- phone chargesroaming, toll, airtime, surcharge, overage
termination feerefund
Money returned after purchase
rebate · sign-up bonus · retention bonus · loyalty bonus · loyalty reward
termination feeactivation fee
Initial service payment
initiation fee · enrollment fee · setup fee · joining fee · registration fee
termination, term, terms, termed, terming, terminal, terminate, terminated, terminates