BizTerm Definition
Fee hierarchy
Full Definition

Fees can be applied to different entities in automated systems. For example a fee can be made so that it applies to only one credit line for one customer or it can be made to apply for all accounts of a particular account type. When the fee to be charged is calculated by the automated system it must take into account all of these conditions which may apply. For example: In this example the actual rate used to compute the fee is 6.5%. See also fee, fee tables.

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