Meaning of “transfer fee” in the English Dictionary

"transfer fee" in British English

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transfer feenoun [ C ]

uk /ˈtræns.fɜː ˌfiː/ us /ˈtræns.fɝː ˌfiː/ UK

the amount of money that a sports team pays in order to buy a new player from another team:

The transfer fee for Darren Brinkworth was £500,000.

(Definition of “transfer fee” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"transfer fee" in Business English

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transfer feenoun [ C ]

uk us

FINANCE a payment that you make when you move a balance (= the amount that you owe) from one credit card to another. You make the payment to the issuer (= bank, etc.) of the card to which you move the balance:

a payment to a financial organization when you move money from one investment to another:

The building society charged a £20 transfer fee if you moved your money elsewhere.

PROPERTY, STOCK MARKET a payment that must be made when you buy shares, property, etc. from someone else

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

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