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Fees
A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead (business), overhead, wages, costs, and Profit (accounting), markup. Traditionally, professionals in the United Kingdom (and previously the Republic of Ireland) receive a fee in contradistinction to a payment, salary, or wage, and often use British coin Guinea, guineas rather than Pound Sterling, pounds as unit of account, units of account. 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 insura ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Attorney's Fee
Attorney's fee is a chiefly United States term for compensation for legal services performed by an Lawyer, attorney (lawyer or law firm) for a client, in or out of court. Fees may be an hourly, flat-rate or contingent fee. Recent studies suggest that when lawyers charge a flat-fee rather than billing by the hour, they work less hard on behalf of clients and clients get worse outcomes. Attorney fees are separate from fines, compensatory and punitive damages, and (except in Nevada) from court costs in a legal case. Under the "American rule (attorney's fees), American rule", attorney fees are usually not paid by the losing party to the winning party in a case, except pursuant to specific Statute, statutory or contractual rights. Overview The phrase is a legal term of art in American jurisprudence (in which lawyers are collectively referred to as "attorneys", a wording practice not found in most other legal systems). Attorney's fees (or attorneys' fees, depending upon number of attor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingent Fee
A contingent fee (also known as a contingency fee in the United States or a conditional fee in England and Wales) is any fee for services provided where the fee is payable only if there is a favourable result. Although such a fee may be used in many fields, it is particularly well associated with legal practice. In the law, a contingent fee is defined as a fee charged for a lawyer's services that is payable only if a lawsuit is successful or results in a favorable settlement, usually in the form of a percentage of the amount recovered on behalf of the client. Contingent fees may make it easier for people of limited means to pursue their civil rights since otherwise, to sue someone for a tort, one must first be wealthy enough to pursue such litigation in the first place. Due to the risk of loss, attorneys will not take cases on a contingency basis unless they believe that the case has merit, although accepting cases on a contingency is not without risk. Contingent legal fees Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Communications Commission
The Federal Communications Commission (FCC) is an independent agency of the United States government that regulates communications by radio, television, wire, internet, wi-fi, satellite, and cable across the United States. The FCC maintains jurisdiction over the areas of broadband access, fair competition, radio frequency use, media responsibility, public safety, and homeland security. The FCC was established pursuant to the Communications Act of 1934 to replace the radio regulation functions of the previous Federal Radio Commission. The FCC took over wire communication regulation from the Interstate Commerce Commission. The FCC's mandated jurisdiction covers the 50 states, the District of Columbia, and the territories of the United States. The FCC also provides varied degrees of cooperation, oversight, and leadership for similar communications bodies in other countries in North America. The FCC is funded entirely by regulatory fees. It has an estimated fiscal-2022 budg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kuk Fee Slip
Kuk may refer to: Places * Kuk, Tomislavgrad, a village in Bosnia and Herzegovina * Kûk or Kuuk, a former settlement in Greenland * Kuk Swamp, an archaeological site in New Guinea * Kuk, Tolmin, a settlement in Slovenia * Kuk River, in Alaska, United States * Mount Kuk, a mountain in Slovenia Other uses * Georg Kükenthal (1864–1955), German pastor and botanist with standard botanical author abbreviation Kük * Heung Yee Kuk, an advisory body for the New Territories, Hong Kong, colloquially known as "The Kuk" * Kaiserlich und königlich ("imperial and royal", abbreviated k.u.k.), referring to the Austro-Hungarian Empire, or the Court of the Habsburgs * Kasigluk Airport (IATA: KUK), Alaska, United States * Kek (mythology) or Kuk, the deification of the primordial concept of darkness in ancient Egyptian mythology * Kepo' language (ISO 639-3: kuk), a possible language of Indonesia * Kuk language (ISO 639-3: kfn), a language of Cameroon * Kurukshetra University, Kurukshe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banquet Hall
A banquet hall, function hall, or reception hall, is a special purpose room, or a building, used for hosting large social and business events. Typically a banquet hall is capable of serving dozens to hundreds of people a meal in a timely fashion. People and organizations rent them to hold parties, banquets, wedding receptions, or other social events. Businesses rent them to hold sales meetings, employee training events, employee awards events, and corporate celebrations and parties. Banquet halls are often found within pubs, nightclubs, hotels, or restaurants. The first recorded mention of "function rooms" is in 1922. They are distinct from other halls, in that they have no religious or government affiliation. Most are run by commercial enterprises, though some banquet halls are run by fraternal organizations and are part of their building, available for rent by the public, for example Masonic Halls. Gallery File:Royal_Palace_Banquet_Hall.jpg, Hotel banquet hall with we ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Gouging
Price gouging is the practice of increasing the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair by some. This commonly applies to price increases of basic necessities after natural disasters. Usually, this event occurs after a demand or supply shock. The term can also be used to refer to profits obtained by practices inconsistent with a competitive free market, or to windfall profits. In some jurisdictions of the United States during civil emergencies, price gouging is a specific crime. Price gouging is considered by some to be exploitative and unethical and by others as a pejorative term for the simple result of supply and demand. Price gouging is similar to profiteering but can be distinguished by being short-term and localized and by being restricted to essentials such as food, clothing, shelter, medicine, and equipment needed to preserve life and property. In jurisdictions where there is no such crime, the term may ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anti-competitive Practice
Anti-competitive practices are business or government practices that prevent or reduce competition in a market. Antitrust laws ensure businesses do not engage in competitive practices that harm other, usually smaller, businesses or consumers. These laws are formed to promote healthy competition within a free market by limiting the abuse of monopoly power. Competition allows companies to compete in order for products and services to improve; promote innovation; and provide more choices for consumers. In order to obtain greater profits, some large enterprises take advantage of market power to hinder survival of new entrants. Anti-competitive behavior can undermine the efficiency and fairness of the market, leaving consumers with little choice to obtain a reasonable quality of service. Anti-competitive behavior refers to actions taken by a business or organization to limit, restrict or eliminate competition in a market, usually in order to gain an unfair advantage or dominate the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidy
A subsidy, subvention or government incentive is a type of government expenditure for individuals and households, as well as businesses with the aim of stabilizing the economy. It ensures that individuals and households are viable by having access to essential goods and services while giving businesses the opportunity to stay afloat and/or competitive. Subsidies not only promote long term economic stability but also help governments to respond to economic shocks during a recession or in response to unforeseen shocks, such as the COVID-19 pandemic. Subsidies take various forms— such as direct government expenditures, tax incentives, soft loans, price support, and government provision of goods and services. For instance, the government may distribute direct payment subsidies to individuals and households during an economic downturn in order to help its citizens pay their bills and to stimulate economic activity. Here, subsidies act as an effective financial aid issued when t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Advertise
Advertising is the practice and techniques employed to bring attention to a product or service. Advertising aims to present a product or service in terms of utility, advantages, and qualities of interest to consumers. It is typically used to promote a specific good or service, but there are a wide range of uses, the most common being commercial advertisement. Commercial advertisements often seek to generate increased consumption of their products or services through " branding", which associates a product name or image with certain qualities in the minds of consumers. On the other hand, ads that intend to elicit an immediate sale are known as direct-response advertising. Non-commercial entities that advertise more than consumer products or services include political parties, interest groups, religious organizations, and governmental agencies. Non-profit organizations may use free modes of persuasion, such as a public service announcement. Advertising may also help t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High-speed Internet
In telecommunications, broadband or high speed is the wide- bandwidth data transmission that exploits signals at a wide spread of frequencies or several different simultaneous frequencies, and is used in fast Internet access. The transmission medium can be coaxial cable, optical fiber, wireless Internet (radio), twisted pair cable, or satellite. Originally used to mean 'using a wide-spread frequency' and for services that were analog at the lowest level, nowadays in the context of Internet access, 'broadband' is often used to mean any high-speed Internet access that is seemingly always 'on' and is faster than dial-up access over traditional analog or ISDN PSTN services. The ideal telecommunication network has the following characteristics: ''broadband'', ''multi-media'', ''multi-point'', ''multi-rate'' and economical implementation for a diversity of services (multi-services). The Broadband Integrated Services Digital Network (B-ISDN) was planned to provide these charact ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subscription Business Model
The subscription business model is a business model in which a customer must pay a recurring price at regular intervals for access to a product or service. The model was pioneered by publishers of books and periodicals in the 17th century. It is particularly common now for digital products, which lend themselves more naturally toward a subscription model. Subscriptions can be a more convenient, hassle-free transaction for consumers. However, due to inertia among some consumers, they may inadvertently pay for subscriptions that they no longer value because they do not realize that they are subscribed. Subscriptions Rather than selling products individually, a subscription offers periodic (daily, weekly, bi-weekly, monthly, semi-annual, yearly/annual, or seasonal) use or access to a product or service, or, in the case of performance-oriented organizations such as opera companies, tickets to the entire run of some set number of (e.g., five to fifteen) scheduled performances fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Two-part Tariff
A two-part tariff (TPT) is a form of price discrimination wherein the price of a product or service is composed of two parts – a lump-sum fee as well as a per-unit charge. In general, such a pricing technique only occurs in partially or fully monopolistic markets. It is designed to enable the firm to capture more consumer surplus than it otherwise would in a non-discriminating pricing environment. Two-part tariffs may also exist in competitive markets when consumers are uncertain about their ultimate demand. Health club consumers, for example, may be uncertain about their level of future commitment to an exercise regimen. Two-part tariffs are easy to implement when connection or entrance fees (first part) can be charged along with a price per unit consumed (second part). Depending on the homogeneity of demand, the lump-sum fee charged varies, but the rational firm will set the per unit charge above or equal to the marginal cost of production, and below or equal to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
