fee

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Fee

A compensation paid for particular acts, services, or labor, generally those that are performed in the line of official duties or a particular profession. An interest in land; an estate of inheritance.

An estate is an interest in land, and a fee, in this sense, is the shortened version of the phrase fee simple. A fee simple is the greatest estate that an individual may have in the land because it is total ownership of the land including all structures attached thereto. It is complete ownership absent all conditions, limitations, or restrictions upon alienation, which is its sale or transfer to another.

fee

n. 1) absolute title in land, from old French, fief, for "payment," since lands were originally given by lords to those who served them. It often appears in deeds which transfer title as "Mary Jo Rock grants to Howard Takitall in fee..." or similar phraseology. The word "fee" can be modified to show that the title was "conditional" on some occurrence or could be terminated ("determinable") upon a future event.. 2) a charge for services. (See: fee simple)

fee

(Charge), noun charge for services, compensation, compensation for labor, compensation for professional service, consideration, cost, disbursement, dues, exactment, expenditure, expense, fare, fixed charge, merces, payment, price, recompense, reward, toll, wage
Associated concepts: attorney's fee, counsel fees, reasonnble fee, splitting a fee

fee

(Estate), noun absolute inheritance, absolute interrst in realty, corporal hereditament, feod, feud, fief, hereditament, holding, interest, land, landed estate, landed property, lands, legal estate, property, real estate, real property, realty, right of possession, title, unconditional inheritance, unlimited inheritance, unrestricted inheritance, vested interest in land
Associated concepts: absolute fee, base fee, conditional fee, contingent fee, defeasible estate, determinable fee, fee simple, fee tail, limited fee, qualified fee
Foreign phrases: Feodum est quod quis tenet ex quaaunque causa sive sit tenementum sive redditus.A fee is that which any one holds from whatever cause, whether it be tenement or rent.
See also: advance, brokerage, charge, compensation, cost, due, excise, expense, fare, honorarium, pay, payment, pension, perquisite, price, rate, real estate, recompense, remittance, rent, reward, tax, toll, wage

fee

in English law an interest in land that was inheritable, but the term is now only relevant in the context of the phrase FEE SIMPLE ABSOLUTE IN POSSESSION. In Scots law, used to denote the full and unlimited right in capital or land that is otherwise subject to the personal servitude of a LIFE RENT.
References in periodicals archive ?
Type of health care plan that, like a fee-for-service plan, pays expenses as they are incurred.
With the birth of their first child, Christopher, 16 years ago, Guelda and Cornell Slade of Houston had a traditional fee-for-service plan.
Most employees are familiar with fee-for-service plans, the prevailing benefit offering for years.
Under the title of "private fee-for-service plans," there is an option in Medicare under which senior citizens can choose health insurance whose value is not limited by what the government may pay toward it.
The following tabulation indicates the percent of full-time employees with health care benefits provided through a fee-for-service plan who were given incentives to obtain diagnostic testing prior to hospital admission:
Enrollment in Private Fee-for-Service Plans Significantly Contributed to Growth, According to Newly Released Data from HealthLeaders-InterStudy
The bottom line, according to Steinberg: ``Most people will ultimately be more satisfied with, and receive better care from, a fee-for-service plan.
NALC Health Benefit Plan, a national fee-for-service plan (high option)*, which serves only the federal population
Xerox employees in any location can choose from three to seven HMOs plus a fee-for-service plan.
Virtually all HMO participants were provided home health care services in 1989, while 72 percent of fee-for-service plan participants had such coverage.
Medicare Advantage Fee-For-Service Plan Positions Blue Cross Blue Shield of Michigan to Win New Business, According to a New Report from HealthLeaders-InterStudy
was approved by the Health Care Financing Administration to offer a Medicare+Choice private fee-for-service plan in 17 states.