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 ?
Customary charge files contain information on provider identifiers, Current Procedural Teminology (CPT) and HCFA Common Procedure Coding System (HCPCS) codes and modifiers, types of service, and actual customary fees. Separate customary charges are not computed for each physician in a group practice.
Records said the accused offered the inspector a bribe to abuse his job and allow him to drive the curtains into Dubai without paying the customary fees.
The state's new rules allow AMCs to use "objective third-party information such as government agency fee schedules, academic studies and independent private sector surveys" as evidence for what constitutes reasonable and customary fees. The rules also allow the state board to develop its own fee schedule that can be used by AMCs.
Tickets go on sale at 9am today, pounds 45 plus the customary fees, from www.theticketfactory.com or 0844 338 8000.
Atlantis also offers members access to ASH's ChooseHealthy[R] program, with discounts off usual and customary fees from a national network of more than 6,000 credentialed providers, including acupuncturists and massage therapists.
The amendment includes requirements that appraisers be paid reasonable and customary fees. It also establishes minimum requirements for mortgage broker participation in the appraisal ordering process, such as licensing and adherence to anti-appraiser coercion rules at the federal or state level.
This would result in higher out-of-pocket costs for our patients (I have chosen to opt out but also to charge usual and customary fees).
The department had proposed in April that all large group health insurance companies, health service corporations, and HMOs in the commercial health insurance market use Medicare fee schedules to determine benefit amounts for out-of-network, non-hospital health care services as well as the existing system that relies on using "reasonable and customary fees" charged in a particular area by a majority of the health care providers.
Reasonable and customary fees may be a thing of the past, replaced by fixed prices that are in line with market, not insurer, expectations.
Doctors have always had to deal with "reasonable and customary fees" and patients have always had controls placed oil the number of days they could stay in a hospital.
Some states honor the usual and customary fees for services, while others have no fee schedule and charge a percentage of the customary community rate.