Dictionary of Banking Terms: fee
fee
a charge for services performed.
- Banking. A lender's charge for making credit available, for example, a commitment fee or credit card annual fee. Also, charges for noncredit services, such as a trust department's allowance or commission.
- Estates. An inheritable estate in land, usually referred to as a fee simple estate or freehold estate. A fee simple absolute is an estate to which the holder has unquestioned ownership, whereas a fee tail is inheritable only by a limited group of heirs.
Dictionary of Business Terms: fee
fee
- in real property, estate of complete ownership that can be sold by the owner or devised to his heirs. Fee, fee simple, and fee simple absolute are often used synonymously.
- cost of professional services, such as legal fee or recording fee.
Dictionary of Real Estate Terms: fee
fee
ownership of land that may be inherited.
Example:- fee simple
- fee simple defeasible
compensation based on completion of a specific task.
Example: When Susan completed the appraisal report of the shopping center and it was accepted by the project manager, she earned a $6,000 fee.
