annual fee definition
A credit card issuer may charge you a fee each year for your account. A yearly fee that may be charged by credit card issuers. It may be thought of as a type of membership fee. However, not all credit cards require a fee. annual fee. Any fee that is charged on an annual (yearly) basis. One of the most common occurrences of an annual fee is the fee that is charged by some credit card companies to their credit card holders, simply for having the credit card. This fee is charged regardless of anything else (the amount or value of purchases with the credit card, for example). Annual Fee. A credit card issuer may charge you a fee each year for your account. More On Annual Fee. A yearly fee that may be charged by credit card issuers. It may be thought of as a type of membership fee. However, not all credit cards require a fee. Those that do are more likely to offer rewards like travel or other perks. Use annual fee in a sentence. “ 1  I wanted to join the pool league down the road but the annual fee was astronomical so I decided against it. ”. “ 2  The annual fee of the credit card was nothing, so the individual committed to paying the card off each month, and enjoyed the card. ”. Annual Fee. A fee that a company assesses on a customer simply for being a customer. Annual fees are most common in the financial industry. For example, a credit card company may charge a customer an annual fee of $60 in order to keep that customer's card active. Definition of annual. 1  1 : an event that occurs yearly. 2  2 : a publication appearing yearly the high-school annual. 3  3 : something that lasts one year or season; specifically : a plant that completes its life cycle in one growing season. Definition of annual. 1 : covering the period of a year annual rainfall annual income. 2 : occurring or happening every year or once a year : yearly an annual reunion an annual physical checkup. annual fee meaning, annual fee definition | English Cobuild dictionary. annual. 1 adj Annual events happen once every year. ...the annual conference of Britain's trade union movement..., In its annual report, UNICEF says at least 40,000 children die every day. Companies report to their shareholders annually. Definition of annual. 1  1 : covering the period of a year annual rainfall annual income. 2  2 : occurring or happening every year or once a year : yearly an annual reunion an annual physical checkup. 3  3 : completing the life cycle in one growing season or single year annual plants. annual fee. Definition. A fee charged once per year by financial institutions on certain type of accounts, usually in order to offset operating expenses.
A fee charged once per year by financial institutions on certain type of accounts, usually in order to offset operating expenses.