demurrage fees definition
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Shipping Demurrage and Detention Charges Explained in Plain English First things first – What is demurrage? The basic definition of demurrage is simple – a fee leveraged on cargo that stays at a terminal too long. Port officials (as well as railroad and airport authorities) all have the ability to enforce demurrage charges. But this definition is deceptively straightforward.
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Fees You Will Have to Pay When Leasing a Car Sometimes called the bank fee, it's the amount charged by the leasing company to setup the lease. It's essentially another profit source for them in addition to the finance charge. Acquisition fees usually range between $250 and $1,000 (luxury vehicles are on the higher end). The acquisition fee can sometimes be negotiable, but it's rare. Often time the fee is added to the Capitalized Cost (price of the vehicle) so that it's rolled into the monthly lease payment.
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- Section 720.303(10)((a)1. of the Florida Statutes provides that a member or members of. the a homeowners’ association’s board of directors may be removed by a vote of the. majority of the association’s voting interests.ection 720.303(10)((a)1. of the Florida Statutes provides that a member or members of. the a homeowners’ association’s board of directors may be removed by a vote of the. majority of the association’s voting interests.
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demurrage Use 'demurrage' in a Sentence You must be sure to pick up your package as quick as you can after arrival so you don't get charged with a demurrage. 17 people found this helpful The demurrage for the delivery of our goods was quite a controversial topic at the last meeting we had with the board.
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Take steps to curb retirement plan fees Distribution fees. Distribution or service fees are perhaps the most controversial of fees charged by fund firms. Designed to help mutual fund firms market mutual funds and to compensate brokers and advisers who sell them, distribution fees, commonly known as 12b-1 fees, can range from reasonable to out of control.
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Real Estate Terminology: Closing Costs, by Alabama Homefinders Documentation fees: fees real estate brokerages may charge for preparing documents for both the buyer and the seller. Escrow deposits: an escrow is a separate account established to hold the monies associated with a real estate transaction prior to and after closing.
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M&A Transaction Costs Part One: Capitalization and Deduction Considerations For purposes of this article, transaction costs include those fees paid to outside vendors such as investment bankers, attorneys, accountants, and other consultants for services rendered in connection with the acquisition, merger, or other business combination.
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Definitions &Translations The demurrage sometimes causes a loss to the seller as it increases cost of the total freight.he demurrage sometimes causes a loss to the seller as it increases cost of the total freight.
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Development fee A development fee, also referred to as developer fee, is money earned by a person or entity for managing the development process for another principal. A commercial real estate developer may charge a client to manage the real estate development process as a service. The fee may be calculated as a percentage of the total development cost. The developer may be referred to as a fee developer.
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"Definition of ""Leased fee estate""" Definition of Leased fee estate. A lease contract to possess a parcel or property for a certain period of time. A leased fee estate is a conditional estate conveyance in real property for a specified period of time.The lease permits the lessee to possess, use and enjoy the property for the specified period.For example, John agrees to lease a home at the rate of $1,200 per month for two years as a leased fee estate.he lease permits the lessee to possess, use and enjoy the property for the specified period. For example, John agrees to lease a home at the rate of $1,200 per month for two years as a leased fee estate.
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What is DEMURRER? What does DEMURRER mean? DEMURRER meaning, definition & explanation A demurrer is a pleading in a lawsuit that objects to or challenges a pleading filed by an opposing party. The word demur means to object; a demurrer is the document that makes the objection. Lawyers informally define a demurrer as a defendant saying So what? to the pleading. Typically, the defendant in a case will demur to the complaint, but it is also possible for the plaintiff to demur to an answer. The demurrer challenges the legal sufficiency of a cause of action in a complaint or of an affirmative defense in an answer.
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Search Legal Terms and Definitions Search Legal Terms and Definitions. demurrer. n. (dee-muhr-ur) a written response to a complaint filed in a lawsuit which, in effect, pleads for dismissal on the point that even if the facts alleged in the complaint were true, there is no legal basis for a lawsuit.
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Chapter 3: Federal Financial Disclosure Laws Regulation Z defines the finance charge as the cost of consumer credit as a dollar amount. Fees charged by a mortgage broker are finance charges even if the creditor does not require the consumer to use a mortgage broker and even if the creditor does not retain any portion of the charge.
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- A fee charged by an agent, or agent's company to facilitate transactions between buyers and sellers. The brokerage fee is charged for services such as negotiations, sales, purchases, delivery or advice on the transaction.
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What is DEMURRER? What does DEMURRER mean? DEMURRER meaning, definition & explanation Technically, a demurrer is not a motion; a party does not file a motion for demurrer nor move the court to demur. Rather, a demurrer is a particular type of pleading and demurring is the act by which a party formally requests the court to dismiss a cause of action (claim) or the entire complaint.
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Shedding Light on the Real Estate Transaction Fee Many decided to charge ancillary fees in addition to the real estate commission. The fee is usually in the $200 to $500 range and purport to cover costs for increased overhead and costs incurred for complying with the myriad of federal and state laws affecting the sale of residential real estate.
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Deferred financing cost Deferred financing costs or debt issuance costs is an accounting concept meaning costs associated with issuing debt, such as various fees and commissions paid to investment banks, law firms, auditors, regulators, and so on. Since these payments do not generate future benefits, they are treated as a contra debt account. The costs are capitalized, reflected in the balance sheet as a contra long-term liability, and amortized using the imputed interest method or over the finite life of the underlyin
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- DEFINITION of 'Brokerage Fee'. A fee charged by an agent, or agent's company to facilitate transactions between buyers and sellers. The brokerage fee is charged for services such as negotiations, sales, purchases, delivery or advice on the transaction.Next Up.REAKING DOWN 'Brokerage Fee'. There are many types of brokerage fees added in areas such as insurance, realty, delivery services or stocks. Brokerage fees will usually be based on a either a percentage of the transaction or a flat fee.
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- DEFINITION of 'Retainer Fee'. An upfront cost incurred by an individual in order to ensure the services of a consultant, freelancer, etc. A retainer fee is paid most commonly to individual third-parties who have been engaged by the payer to perform a service for them or on their behalf.These fees are almost always paid upfront and only ensure the commitment of the receiver, but does not guarantee an outcome or final product.ommunity Property. The most common form of retainer fees apply to lawyers, who in most cases require those seeking services to provide an upfront retainer fee, for example $500.
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- * A demurrer is a formal objection attacking the legal sufficiency of an opponent's pleadings. It is an assertion, made without disputing the facts, that the pleading does not state a cause of action, and that the demurring party is entitled to judgment.
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- The acquisition fee, sometimes referred to as a bank fee, is the cost of setting up a lease and is required of the dealer by the lender. It covers administrative expenses, such as getting a copy of your credit report and verifying your insurance status.
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Fee Under the feudal system, a Knight's fee was what was given to a knight for his service, usually the usage of land. A contingent fee is an attorney's fee which is reduced or not charged at all if the court case is lost by the attorney. A service fee, service charge, or surcharge is a fee added to a customer's bill. The purpose of a service charge often depends on the nature of the product and corresponding service provided. Examples of why this fee is charged are: travel time expenses, truck rental fees, liability and workers' compensation insurance fees, and planning fees.
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Demurrage Rules and Charges Browse Demurrage Rules and Charges. Demurrage is a charge assessed for the detention of cars by shippers or receivers of freight beyond a specified free time. Should customers fail to load or unload freight in the time allowed by the contract, demurrage could apply. Review demurrage rules and charges below.
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demurrage In maritime law, demurrage is the amount identified in a charter contract as damages payable to a shipowner as compensation for the detention of a ship beyond the time specified by a charter party for loading and unloading or for sailing.
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- The measure for freetime for import demurrage is typically the time. between when the container is discharged from the vessel to the time the container. leaves the terminal (is “out-gated”). Otherwise, the free time period ends at an. appointed time on the LFD, and demurrage charges will begin to accrue.
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- Princeton's WordNet (0.00 / 0 votes) Rate this definition: demurrage (noun). a charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure. demurrage (noun).emurrage. The term demurrage originated in vessel chartering and refers to the period when the charterer remains in possession of the vessel after the period normally allowed to load and unload cargo.