activity charge

activity charge definition - business

activity charge

A fee resulting from servicing an account. For example, a financial institution may levy an activity charge on an account in which transactions exceed the maximum number permitted. Likewise, some financial institutions charge a fee for ATM withdrawals.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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