break fee Meaning in the Cambridge English Dictionary

Meaning of “break fee” in the English Dictionary

"break fee" in Business English

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break feenoun [C]

uk   us   LAW
(also break-up fee) a ​payment that a ​company must make if it does not ​keep an ​agreement to be ​sold to another ​company: There is a £6m ​breakfee if the ​companysells out to another ​bidder.
a ​payment that you must make if you end an ​agreement before the ​time that has been ​agreed: We would like to ​pay off our ​mortgage early but there's a ​breakfee involved.
(Definition of break fee from the Cambridge Business English Dictionary © Cambridge University Press)
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“break fee” in Business English

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