break fee
noun[C]
LAWukus(alsobreak-up fee)
apaymentthat acompanymust make if it does notkeepanagreementto besoldto anothercompany:
There is a £6mbreakfeeif thecompanysellsout to anotherbidder.
apaymentthat you must make if you end anagreementbefore thetimethat has beenagreed:
We would like topayoffourmortgageearly but there's abreakfeeinvolved.