Transaction Fee
/ˈtrænzækʃən fiː/
Definitions
- (n.) A fee charged by a party facilitating a transaction, often in financial, commercial, or legal contexts, to cover processing costs or service provision.
The bank imposed a transaction fee of $5 for each international wire transfer.
Forms
- transaction fee
- transaction fees
Related terms
See also
Commentary
Transaction fees commonly appear in contracts and financial agreements; precise definition and scope should be clearly stated to avoid disputes over fee applicability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.