maintenance fee

Definition

A charge assessed on some types of brokerage accounts, at a fixed frequency, usually annually.

Use maintenance fee in a sentence

You should always check to see if there is any maintenance fee and add that in to the total cost.

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My stockbroker wanted my business so he agreed to waive the maintenance fee he charges on all accounts for the first year.

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The periodic monthly maintenance fee on my bank account is waived providing I maintain a specified minimum average collected balance.

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inactive account account fee