What is the departure?

Sometimes known as collection fees, departure fees are fees that the customer decides to terminate the employment contract with the seller before the end of the contract. Fees of this type help to balance the loss of the supplier. The output fee is paid in many different scenarios, such as repayment of a loan on time, leaving the public service system or selling shares in the management system.

The creditor is likely to charge the departure fee when the debtor decides to repay the loan before the originally proposed payment date. Depending on the terms of the loan agreement, the amount paid by the debtor may be significantly lower than the original amount, because the interest that would be used for the duration of the loan. In order to partially settle this loss of income to the creditor, the departure fee shall be assessed. The fee is still a tendency to be much lower than the interest that would be assessed if the debtor did not decide to pay the loan early, which still makes the idea of ​​leaving for Din a timely attractive to the debtor.

Many service companies also charge the departure fee. This is especially true in countries where several companies supply the same type of public services in the geographical area. The fee is usually used on the last account issued in the account and serves to partially settle the loss incurred by the supplier as a result of the lost business.

Although this is not always referred to as an output fee, it is not uncommon for communication companies that provide mobile phone services to charge some kind of fine or evaluation fees when the subscriber decides to terminate the service before the end of the current contract. This departure fee is often abandoned if the subscriber upgrades to some other type of cellular or wireless services offered by the same provider. Depending on the terms and conditions, the fee can be calculated as a percentage of the totalh monthly salaries left on the contract or equal to the amount of these payments in full.

The concept of the drive fee is also present with investment strategies. In this scenario, a fund manager who has determined that it is in the best interest of the investment fund to sell a certain number of shares or units to find that a remote fee is assessed within the transaction. The fee is often a fixed percentage of the total amount invested and this amount is deducted from the investment account as soon as the sale occurs.