What does fee assessed mean?

What does fee assessed mean?

assess – charge (a person or a property) with a payment, such as a tax or a fine. tax, assess – set or determine the amount of (a payment such as a fine) bill, charge – demand payment; “Will I get charged for this service?”; “

What is the definition fee?

A fee is a fixed price charged for a specific service. Fees are applied in a variety of ways such as costs, charges, commissions, and penalties. Fees are most commonly found in heavily transactional services and are paid in lieu of a wage or salary.

What is the meaning of assessed in examination?

Assessment is a practical form of measuring the competence of the student by evaluating three major factors associated to the learning objectives: knowledge, skills and attitude, usually performed on completion of a practical training course.

What are the two meanings of assessment?

Assessment has two meanings (“an amount that a person is officially required to pay” and “the act of making a judgment about something”) so distinct that one might rightfully wonder if they come from different sources.

Is a fee assessed?

The verb assess has the general meaning of determining the importance or value of something. It also has a few specialized uses having to do with amounts of money, such as fines, fees, and taxes. It can mean to set the value of property for purposes of taxation, or to charge a person or business a tax or fee.

What you mean by assessed?

transitive verb. 1 : to determine the rate or amount of (something, such as a tax, charge, or fine) 2a : to impose (something, such as a tax) according to an established rate. b : to subject to a tax, charge, or levy Every homeowner will be assessed a tax according to the value of the property.

What do u mean by assessed?

What is a charge assessment fee?

An Assessment fee is charged on the total of your monthly sales for each credit card brand and is paid entirely to the credit card associations. The combination of these fees are sometimes referred to as a “swipe fee”. This term describes these fees well.

Where does the assessment fee go on a credit card?

Is the interchange fee the same as an assessment fee?

Assessment fees are not to be confused with Interchange fees. The Interchange fee is a percentage set by the credit card association that is deducted from each credit card transaction and a portion of this fee goes to the issuing bank.

How is the incidental fee assessed for college?

Incidental Fee. The incidental fee is assessed each term to all students taking “On-Campus” courses, and to all students living on campus or part of an athletic team.

What’s the assessment fee on a Discover Card?

Visa charges an assessment fee of 0.11% or 11 basis points Discover charges an assessment fee of 0.0925% or 9.25 basis points MasterCard charges an assessment fee 0.095% or 9.5 basis points

What is the legal definition of a fee?

Legal Definition of fee. 1 : an inheritable freehold estate in real property especially : fee simple — compare leasehold, life estate at estate. — absolute fee. : a fee granted with no restrictions or limitations on alienability : fee simple absolute at fee simple.

Which is the best definition of the word assess?

Assess means to make an estimate or appraisal. An example of something that one may assess is a house’s value for taxation purposes. To determine the value, significance, or extent of; appraise. To estimate the value of (property) for taxation. To establish the amount of, and then charge, a fine, taxes, or another payment.

Is the word assess the same as the word tax?

They do not. Both are derived from related senses of assess, a verb that for over 500 years has meant “to determine the rate or amount of (a tax).” The monetary sense of assessment is tied to this oldest use of assess.

What does it mean to pay a service fee?

With these, you contact your warranty provider, outline the problem, pay a service fee and, if the problem is covered by the warranty, a repair person is assigned to fix or replace the item.