surcharge

Vocabulary Word

Definition

'Surcharge' is when you're charged an extra fee above and beyond the original price of something, usually for a specific reason. It's similar to a fine or penalty, but not usually for doing something wrong.

Examples in Different Contexts

In business transactions, a 'surcharge' can be applied for specific services or conditions. A finance manager might explain, 'Customers will incur a surcharge for expedited shipping to cover the additional costs associated with faster delivery.'

Practice Scenarios

Business

Scenario:

The latest update to our banking protocol might result in additional costs for certain transactions.

Response:

Are we planning to inform clients of the potential surcharge for non-network ATM use?

Creative

Scenario:

We're planning special access passes for the upcoming event and discussing the cost structure.

Response:

Will there be a surcharge for special access passes, and how much are we considering?