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LSDefine

Simple English definitions for legal terms

maintenance fee

Read a random definition: child-kidnapping

A quick definition of maintenance fee:

MAINTENANCE FEE: A fee that needs to be paid regularly to keep something in good condition or to maintain a privilege. It can be a charge for keeping a property habitable, reinvesting earnings in mutual funds, or to keep a patent in force. For example, if you want to keep your patent, you need to pay a maintenance fee to the U.S. Patent and Trademark Office every 3 1/2, 7, and 11 1/2 years from the date the patent is issued.

A more thorough explanation:

A maintenance fee is a periodic payment that is required to keep something in good condition or to maintain a privilege. Here are some examples:

  1. License fee: Some licenses require a maintenance fee to keep them valid. For example, a driver's license may require a fee to be paid every few years to keep it active.
  2. Property fee: Homeowners may be required to pay a maintenance fee to keep their property in good condition. This fee may cover things like landscaping, repairs, and upkeep of common areas.
  3. Mutual fund fee: Some mutual funds charge a maintenance fee to cover the cost of reinvesting earnings and dividends.
  4. Patent fee: Patent holders must pay a maintenance fee to keep their patent in force. These fees are due at specific intervals after the patent is issued.

These examples illustrate how a maintenance fee is a payment that is required to keep something in good condition or to maintain a privilege. Without these fees, licenses may expire, properties may fall into disrepair, mutual funds may not be able to reinvest earnings, and patents may become invalid.

maintenance call | maius Latium

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CheeseIsMyLoveLanguage
16:05
I guess there's always that route! 😂
[] c0bra1
16:14
damn my wake forest withdrawal didnt help the wl ppl 💀
MrThickRopes
16:15
what they gon collect frum me
MrThickRopes
16:15
nothin
Fuck fo pm
MrThickRopes
16:24
thas right
BlueFalcon95
16:25
Das right
hey, just so u all know - i just farted
i luv u all and will be seeing u all shortly
17:02
I floated marquettes deadline hopefully someone on the WL is thankful
18:10
safety
18:56
Ughhhhhhhhhh
Lets gooo my school was gunning median this last cycle 🤣
21:37
movie recs?
starfishies
21:45
rankings out woo
eggan
22:06
NYU solos columbia any day
Washu, TX, Vandy all move up and did well at 14
I am shocked that NW drops to 10 and NYU moves up to 8
[] c0bra1
23:07
holy cow unc is 18 time to beg to get off the waitlist
[] c0bra1
23:08
"rankings don't matter" i chant as i reorder my preference list
23:22
are the rankings on US News&World Report accurate?
YM-Honor-Student
23:24
No those are incorrect
YM-Honor-Student
23:24
Kansas is t14 and Cornell is rank 50
YM-Honor-Student
23:25
@DrDresSays: I recommend Cinema Paradiso. Makes me cry everytime.
YM-Honor-Student
23:26
The rankings literally did not change in my opinion. Smh. Going by like job outcomes and constitutional law, stayed the same.
23:28
@YM-Honor-Student: thank you!
YM-Honor-Student
23:29
You are welcome!
YM-Honor-Student
23:33
UFlorida should be higher for winning march madness lol.
Napo
1:43
Oof ASU dropped hard
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