non-recurring fees
/nɒn rɪˈkɜːrɪŋ fiːz/ · non.re.cur.ring.fees
noun
- Charges or expenses that are not regularly incurred or paid, such as setup fees, activation fees, or penalties. The company's financial report included a one-time non-recurring fee for the software upgrade.
- Fees that are not part of a regular or recurring payment schedule, such as annual fees or membership fees. The credit card company charged a non-recurring fee for the foreign transaction, in addition to the regular interest rate.
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Did you know? Non-recurring fees can be a significant source of revenue for businesses, but they can also be a surprise expense for customers, making it essential for companies to clearly disclose these fees in their contracts and agreements.