Nonrefundable Fee

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August 25, 2024 3 min read Definitions
Nonrefundable Fee or Nonrefundable Deposit: Comprehensive Explanation
Finance Economics Nonrefundable Fee Nonrefundable Deposit Penalty Charge Commitments Refunds
A nonrefundable fee or nonrefundable deposit is a 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.
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