fee
Definition 1
Remuneration: In contracts based on cost reimbursement pricing, the 'fee' represents an amount beyond the initial cost estimates, and reflects factors such as the risks involved. Fee is usually subject to statutory limitations, and may be either fixed (as in a cost plus fixed fee contract) or allowed to vary within a specified range (as in a cost plus incentive fee contract).
Definition 2
Land law: Estate capable of being transferred. See also fee simple absolute in possession and fee tail.
fee is in the Agreements & Contracts, Corporate, Commercial, & General Law, Purchasing & Procurement and Real Estate & Buildings subjects.
fee appears in the definitions of the following terms:
incidental fee,
load,
software license,
customs value,
front end loading,
account analysis,
underwriter,
cost per action (CPA),
organizational costs,
compound option
and
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