Definition, Meaning & Synonyms
initial-fee
noun
/ɪˈnɪʃəl fiː/
Definition
The first payment required when entering into a contract or service agreement.
Examples
- Many gyms require an initial fee when you sign up for a membership.
- The initial fee for the online course includes access to exclusive content.
- It’s important to read the terms and conditions associated with the initial fee.
Meaning
An initial fee is a cost that is paid at the beginning of a transaction or relationship, often seen in memberships, subscriptions, or other services.
Synonyms
- upfront fee
- entry fee
- starting fee
