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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Fixed or determinable fee. If a single-film arrangement provides that an entity will receive a flat fee, then that entire fee (considered fixed and determinable) should be recognized as revenue.
Fixed or Determinable Fee. As mentioned earlier, SOP 91-1 did require that the vendor's fee be fixed or determinable.
In addition, charges associated with the contract need to have fixed or determinable fees. SOP 97-2 guidance also addresses revenue allocation using VSOE (vendor specific objective evidence)--price books that break out component pricing when sold separately, or prices set by management with "appropriate authority." If there isn't any existing VSOE for a contract, SOP 97-2 requires that the entire contract be deferred.