Determinable fee


Also found in: Financial.

DETERMINABLE FEE. Also called a qualified or base fee, is one which has a quality subjoined to it, and which must be determined whenever the qualification annexed to it is at in end. A limitation to a man and his heirs on the part of his father, affords an example of this species of estate. Litt. Sec. 254; Co. Litt. 27 a, 220; 1 Prest. on Estates, 449; 2 Bl. Com. 109; Cruise, tit 1, Sec. 82; 2 Bouv. Inst; n., 1695.

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In addition, charges associated with the contract needed to have fixed or determinable fees.