Definition, Meaning & Synonyms
fee-structure
noun
/fiː ˈstrʌk.tʃər/
Definition
A fee structure is a systematic outline of the rates or charges associated with a service or product.
Examples
- The university’s fee structure outlines the tuition costs for both in-state and out-of-state students.
- Understanding the fee structure of a service provider can help you make informed financial decisions.
- The complex fee structure made it difficult for consumers to know the total cost of the service.
Meaning
The term refers to the specific arrangement or organization of fees that a business or institution imposes for its services, helping customers understand what they need to pay and for what.
Synonyms
- pricing model
- cost framework
- charging system
