Slotting fees are charges that supermarkets and chain stores impose on manufacturers for carrying their products. This practice emerged in the US in the late 1970s and is widespread, especially among large chains. Slotting fees help stores expand and make a profit, but they can limit product diversity and harm small companies. Some food activists […]
Charge fee is an expense beyond standard expenses for employees and producing goods. It is used to determine the complete costs of running a business and can indicate employee benefits or operational inefficiency. It is tracked on private company books and disclosed in financial statements. A charge fee is an expense that exceeds the standard […]
Accounts receivable is money owed for goods or services provided on credit, and cash collection is the process of redeeming it. Clear payment terms and instructions facilitate the collection process, and overdue accounts can be referred to collection agencies or courts. It’s important to consider the cost of recovering debt when dealing with overdue accounts. […]
The burn rate, or rate at which startup funds are used, is important to consider when starting a business. However, unforeseen circumstances can affect the rate, and accurate budget and expense estimates are crucial for investors. Monthly reassessments can help make changes to save money and determine when to reach out to other investors. When […]
Toll collection involves charging a fee for the use of a good or service, such as roads and bridges. The process has become more automated over time, but a collector is usually still present. Toll collection generates income for the owner and can fund repairs and government services. Toll collection is the process of receiving […]
To avoid paying a corkage fee at a restaurant, research if they have a BYOB policy and if they charge a handling fee. Some restaurants have no corkage fee on certain days or for special events. Restaurants with a liquor license often charge higher corkage fees. Look for local guides to BYOB restaurants and call […]
The term “Poll Tax” has two meanings: a fixed tax levied on every citizen to raise money for the government, and a fee required to vote in the US. The first sense has a long history of opposition, while the second was designed to disenfranchise low-income and black voters. The 24th Amendment abolished the poll […]
Administrative shares allow administrators access to all drives and partitions on a Windows network. They are important for corporate networks, but can be a security risk. Users can disable them, and administrators should be careful with login information and passwords. Administrative share is a default share setting in Windows networks to allow administrators access to […]
Bereavement fares are offered by airlines to help offset the cost of emergency travel due to a death in the family. They may also be offered for terminally ill family members. The price is not always cheaper than other tickets, but they offer flexible travel plans. To qualify, the family member must be immediate or […]
There are various ways to obtain a college application fee waiver form, including through a high school guidance counselor or directly from the college admissions office. It’s important to meet the college’s requirements for waiving fees, which often focus on financial needs. Some colleges accept a generic waiver form, but it’s best to check with […]
A patent emergency fee is a fee structure where an attorney takes a case in exchange for a percentage of the proceeds if successful. This can provide access to legal remedies for patent infringement for those with limited resources. Attorneys take a risk and may only accept cases with a strong chance of winning. In […]
Medicare is a US government-run insurance program for those over 65 or with certain disabilities. It is funded by deductions from wages and premiums. Australia and Canada also have Medicare programs with different payment structures. Medicare is a government-run single-payer social insurance program in the United States for people over the age of 65 or […]
A no-win, no-fee personal injury claim is a lawsuit where the attorney waives fees unless the plaintiff receives compensation. Attorneys are selective about cases and may charge for incidental costs. The fee percentage can vary up to 35% if the case goes to court. A no-win, no-cost personal injury claim is a type of lawsuit, […]
No-win, no-compensation employment attorneys work on a contingent fee and handle employment-related issues. They seek a percentage of damages paid from clients if successful, but usually don’t take on unprofitable cases or offer free appeals. A no-win, no-compensation employment attorney works on a contingent fee and provides legal services to people with employment-related issues. Working […]
A settlement fee is a tax on money received to settle a lawsuit, with laws varying on what types of proceeds are subject to tax. In the US, most liquidation proceeds are taxable, except for those related to bodily injury or illness. Settlement fees may also apply to attorney fees, but legal expenses may be […]
Copyright protection laws require fees to register unique works with a government agency, offering legal benefits to copyright holders. Fees vary based on factors such as type of work and handling. The US Copyright Office provides a schedule and certificate of registration. Countries that have enacted copyright protection laws charge copyright fees to register and […]
Contingency fees are earned by attorneys only when they win a case, often used in personal injury lawsuits. The terms of the settlement vary, but generally, the attorney receives a percentage of the net income recovered. Attorneys only take cases they feel confident they will win. Clients should carefully review the contract and be aware […]
A purchase finance charge is a fee applied to credit card purchases, usually in the form of interest. Consumers should read the terms and conditions to understand fees and how to dispute them. Credit card companies calculate the charge based on the average daily balance and interest rate. Other fees may include cash withdrawals, late […]
Surrender fees are charged when an annuity is cancelled or cashed in early, compensating the institution for administering and maintaining the annuity. Annuities are tax-free and designed for long-term investment, with surrender charges decreasing over time. Cashing out early can trigger tax penalties, and annuities are not always considered sound investments. A surrender fee is […]
A bunker charge is an additional cost for loading and storing goods in the hold of a carrier vessel during international shipments. The charge is based on factors such as fuel consumption, weight, space, and handling requirements. Trade laws vary by country, so it’s important to check with shipping officers to understand the regulations. A […]
