Meaning of “restocking fee” in the English Dictionary

business-english dictionary

"restocking fee" in Business English

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restocking feenoun [ C ]

uk us

COMMERCE an amount of money charged by a company or store for accepting returned goods and giving the customer their money back:

Their return policy is that refunds are given within 14 days - but they charge a 10% restocking fee.

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