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

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 ?
The new reciprocity fee for Nigerian citizens is meant to eliminate that cost difference.
"It is not uncommon today for consumers to pay different types of fees for advisory services, including retainer fees, subscription fees, or third-party robo-advisor fees," said Commonwealth Secretary William Galvin, the state's top securities regulator, in a Wednesday statement.
* How does the board define success in fee management and mitigation, relative to other investment objectives?
But Palma did not involve a contractual prevailing party fee provision, and should not control fee claims based on contract.
Fee. chapter members, $160; nonmembers, $175; groups of 4 or more, $165.
Included in it was new IRC section 62(a)(20) which provides an above-the-line deduction for legal fees and court costs incurred in connection with discrimination awards.
* If "rollover" is used, the contractor may only earn a portion of the fee that was rolled over, even for subsequent excellent performance.
Nearly 20 years later, in 1996, the Court applied the same logic to credit-card fees. Credit cards were effectively deregulated.
Fee Real Estate, were used to purchase the requested items.
Implementing a prudent process should help uncover these conflicts and determine how commissions and fees are being distributed.
Similarly, chapters have been encouraged to consider whether there would be any benefit in establishing an unemployed member "support group." In addition, chapters have been asked to consider waiving local meeting fees (including pre-billing assessments) for members in transition or potentially subsidizing the unemployed members' Institute-level dues or a portion of an unemployed members' registration fees at Institute-level programs.