service charge

A component of some finance charges, such as the fee for triggering an overdraft checking account into use. Bloomberg Financial Dictionary

* * *

service charge service charge charge1

* * *

service charge UK US noun [C]
COMMERCE an amount of money added to the basic price of something to pay for the cost of dealing with the customer: »

A $10.00 service charge will be deducted from the sale proceeds.

»

A service charge of 17% is usually added to your bill.

[usually plural] BANKING an amount of money that a customer pays to a bank for its services: »

Service charges on consumer and commercial accounts accounted for 35% of the bank's revenue.

UK PROPERTY an amount of money paid to the owner of an apartment or office building for services such as cleaning and repairs: »

Thousands of leaseholders have been waiting for the chance to contest high service charges.

»

If you live in a flat and pay a service charge, your buildings insurance should be included in this cost.


Financial and business terms. 2012.

Look at other dictionaries:

  • service charge — An amount paid by a tenant to his landlord at a rate set by the lease to compensate the landlord for the cost of carrying out specified services in relation to a property, such as maintenance, repairs, security and so forth. Easyform Glossary of… …   Law dictionary

  • service charge — service .charge n 1.) BrE an amount of money that is added to a bill in a restaurant as an extra charge for the service of the waiters 2.) BrE an amount of money paid to the owner of a block of ↑flats for services such as cleaning the stairs 3.)… …   Dictionary of contemporary English

  • service charge — ► NOUN 1) a charge added to a bill for service in a restaurant. 2) a charge made for banking or other services …   English terms dictionary

  • service charge — service charges N COUNT A service charge is an amount that is added to your bill in a restaurant to pay for the work of the person who comes and serves you. Most restaurants add a 10 per cent service charge to the bill …   English dictionary

  • service charge — service ,charge noun count 1. ) an amount of money that a company adds to the cost of something in order to be paid for their services: There s a $1 service charge for using another bank s cash machine. a ) MAINLY BRITISH an amount of money added …   Usage of the words and phrases in modern English

  • service charge — n. a fee charged for a service, often in addition to a basic fee …   English World dictionary

  • service charge — UK / US noun [countable] Word forms service charge : singular service charge plural service charges 1) a) an amount of money that a company adds to the cost of something in order to be paid for their services There s a £1 service charge for using …   English dictionary

  • service charge — 1. Fin a fee for any service provided, or additional fee for any enhancements to an existing service. For example, banks may charge a fee for obtaining foreign currency for customers. Residents in apartment buildings may pay an annual maintenance …   The ultimate business dictionary

  • service charge — That charge assessed by bank against the expense of maintaining a customer s demand deposit or checking account, and is calculated on basis of a formula whereby bank s cost of maintaining account for customer is determined. U. S. v. First Nat.… …   Black's law dictionary

  • service charge — pilnasis šaunamasis užtaisas statusas T sritis Gynyba apibrėžtis Kovinis užtaisas, naudojamas, kai reikia šaudyti didžiausiu nuotoliu ir lėkštąja trajektorija (tiesioginiu taikymu). Pilnasis šaunamasis užtaisas gali būti nuolatinis ir kintamasis …   Artilerijos terminų žodynas

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.