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English definition of “service charge”

service charge

noun [C]
 
 
COMMERCE an amount of money added to the basic price of something to pay for the cost of dealing with the customer: A $10.00 service charge will be deducted from the sale proceeds. A service charge of 17% is usually added to your bill.
[usually plural] BANKING an amount of money that a customer pays to a bank for its services: Service charges on consumer and commercial accounts accounted for 35% of the bank's revenue.
UK PROPERTY an amount of money paid to the owner of an apartment or office building for services such as cleaning and repairs: Thousands of leaseholders have been waiting for the chance to contest high service charges. If you live in a flat and pay a service charge, your buildings insurance should be included in this cost.
(Definition of service charge from the Cambridge Business English Dictionary © Cambridge University Press)
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