Meaning of “management fee” in the English Dictionary

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"management fee" in Business English

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management feenoun [ C ]

uk us

PROPERTY, FINANCE an amount of money paid to a person or company that manages a business, property, or money for another person or organization:

The firm will receive a £600,000 management fee to run the schools service.

(Definition of “management fee” from the Cambridge Business English Dictionary © Cambridge University Press)