Nonrefundable Fee or Nonrefundable Deposit
Barron's Business Dictionary:
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Nonrefundable Fee or Nonrefundable Deposit
Any charge for a product or service that will not be refunded if the product is returned or service declined; often used like a penalty charge in situations where people frequently back out of commitments.
| Nonrefundable, Nonrecurring Charge, Nonrecourse Debt | |
| Nonrenewable Natural Resources, Nonresident Alien, Nonstandard Mail |
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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