Definition, Meaning & Synonyms
annual-fee
noun
/ˈæn.ju.əl fiː/
Definition
A yearly charge or payment required for a specific service, membership, or access.
Examples
- The credit card has an annual fee of $95.
- Some gyms charge an annual fee for membership.
- Always check if there is an annual fee before signing up for a credit card to avoid unexpected costs.
Meaning
An annual fee is the amount of money paid once a year for services or benefits, such as in the case of credit cards, memberships, or subscriptions.
Synonyms
- yearly payment
- subscription fee
- maintenance fee
