termination fee

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Termination Fee

A one-time fee charged to an account holder if he/she transfers or cancels an IRA. The termination fee is levied by the brokerage or bank that manages the IRA and must be spelled out in the agreement that created the account. Some brokerages and banks do not charge a termination fee. See also: Prepayment penalty.

termination fee

The one-time charge for terminating or transferring an individual retirement account. If a financial institution charges a termination fee, the fee must be spelled out in the original agreement that is signed when the account is opened. Some institutions, particularly banks and savings and loans, may not charge termination fees.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

References in periodicals archive ?

Furthermore, the presence of a termination fee can be a signal from the acquiring firm of its level of commitment to the deal.

Mergers and acquisitions: termination fees and acquisition deal completion

"We understood that if a consumer wished to terminate the contract early, they would have to pay a termination fee of around PS3,000 if the contract was terminated within the first three years, even if they were moving home."

BROKEN TV PROMISE

Company executives vowed to pursue a reverse termination fee of $112.5 million and other possible damages.

Cooper tire ends buyout agreement

rights, and a termination fee set at 2.8% of the transaction value.

Lock-up creep

This figure for the SMS termination fee is half of what Vodafone claims it is owed by TTL as the net flow of SMS since it filed the petition.

TDSAT directs Tata Teleservices to pay Vodafone SMS termination fee

In the event that Golden Crescent receives a proposal it wishes to accept, it may terminate the Amended Share Purchase Agreement without any (a) penalty or payment in favor of Sea Dragon of the previously contemplated termination fee, or (b) right of Sea Dragon to match any alternative proposal.

Citadel Capital fund, Sea Dragon extend closing date of NPC Egypt deal

According to a press release, Northgate's previous agreement with Primero Mining has been terminated and Northgate has paid a termination fee of $25 million to Primero.

AuRico Gold to acquire Northgate Minerals

Pursuant to the Termination and Release Agreement, CYGAM has agreed to pay $621,278 (the "Termination Fee"), an amount equal to those costs paid by Canoel pursuant to the Farmout Agreement, in exchange for the assignment and transfer of any rights earned by Canoel under the Farmout Agreement or the MOU.

Canoel Divests Tunisian Blocks

After making several complaints to the operator, I finally decided to cancel my contract but when I approached them they slapped me with an early termination fee of BD100.

Fees hurting

San Gabriel Valley residents who have considered upgrading to the most powerful video entertainment and ultra-high-speed broadband services available in the area - Verizon FiOS TV, FiOS Internet and FiOS Digital Voice - can now sign up for a FiOS triple-play bundle with flexible month-to-month pricing, no early termination fee and the same price offered under a long-term contract.