Surcharge meaning

• A car insurance surcharge is an additional fee or penalty that is added to your car insurance premium for several months or years. • It is usually the result of traffic violations or at-fault accidents, as well as administrative violations like frequently missed payments. • If a surcharge is added to your premium, you will need to pay it or find another insurer to cover you. • A rate hike is usually a permanent premium increase due to changes in your circumstances. It is not a penalty like a surcharge. Definition and Example of a Car Insurance Surcharge A car insurance surcharge is a temporary increase in your monthly premium that is assessed as a penalty. It is usually caused by something within your control, like an accident or an excessive number of From the insurance company's perspective, any driver who has committed moving violations and received tickets is a higher risk. Higher-risk drivers are more likely to file insurance claims. For example, if you have filed multiple claims for accidents where you were at fault, your insurance company might flag you as a higher risk, and as a result, it might temporarily add a surcharge to your monthly premium until you have shown that you are no longer a higher-risk customer. Most insurance carriers review your driving record when you purchase the policy and when you renew your policy. Behaviors that have increased the risk of insuring you, like speeding tickets, reckless driving, or driving under the influence, are noted in ...

• accrual • added value • anti-inflation • anti-inflationary • appreciate • appreciate by something • appreciate in value • bull market • dead cat bounce • go through the roof idiom • hyperinflation • inflationary • inflationary spiral • put something up • rack something up • rebound • reinflate • reinflation • roof • shooting (Definition of surcharge from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

A brief business guide to surcharging There is often a lot of confusion among merchants over the topic of credit card surcharging and what implications it might create for their business. After all, it’s only natural to think that passing a credit card fee on to customers might decrease sales but at the same time, businesses have to manage their costs. What’s more, both online and brick-and-mortar merchants are often surprised at just how much credit card fees can cost. This brief article demystifies surcharging, helping you to understand them much better and what it could mean for your business. In this article: • What is surcharging? • Surcharging pros and cons • Setting up surcharges: merchant best practices • Should your business add surcharges? What to consider What is surcharging exactly? A quick definition A credit card surcharge is a percentage fee at checkout (that's paid by the end consumer) on eligible Visa, Mastercard, Discover and American Express Opt Blue credit card transactions. Surcharge fees are typically added to the final transaction total and itemised at checkout. Surcharging is commonly used by businesses to process credit card and regulatory fees, although there are many other types of surcharge that businesses in different industries use. This article focuses only on credit card surcharges. Absorbing credit card fees can seriously eat into your business’s profits. Moreover, regulation and credit card issuer fees can change. For these reasons, many b...

SURCHARGE Pronunciation (US): (GB): IPA (US): Dictionary entry overview: What does surcharge mean? • SURCHARGE (noun) The noun SURCHARGE has 1 sense: 1. an additional charge (as for items previously omitted or as a penalty for failure to exercise common caution or common skill) Familiarity information: SURCHARGE used as a noun is very rare. • SURCHARGE (verb) The verb SURCHARGE has 7 senses: 1. charge an extra fee, as for a special service 2. rip off; ask an unreasonable price 3. fill to capacity with people 4. print a new denomination on a stamp or a banknote 5. fill to an excessive degree 6. place too much a load on 7. show an omission in (an account) for which credit ought to have been given Familiarity information: SURCHARGE used as a verb is common. Dictionary entry details SURCHARGE (noun) Sense1 Meaning: An additional charge (as for items previously omitted or as a penalty for failure to exercise common caution or common skill) Classified under: Nouns denoting possession and transfer of possession Hypernyms ("surcharge" is a kind of...): Hyponyms (each of the following is a kind of "surcharge"): Derivation: SURCHARGE (verb) Conjugation: Present simple: I / you / we / they surcharge ... he / she / it surcharges Past simple: surcharged Past participle: surcharged -ing form: surcharging Sense1 Meaning: Charge an extra fee, as for a special service Classified under: Verbs of buying, selling, owning Hypernyms (to "surcharge" is one way to...): Sentence frame: Somebody --...

The government introduced a 15% surcharge on imports. • American English: ˈsɜrtʃɑrdʒ/ • Arabic: ضَرِيبَةٌ إِضَافِيَّة • Brazilian Portuguese: sobretaxa • Chinese: 额外收费 • Croatian: dodatna naplata • Czech: příplatek • Danish: tillægsafgift • Dutch: toeslag • European Spanish: • Finnish: lisämaksu • French: • German: • Greek: επιβάρυνση • Italian: • Japanese: 追加料金 • Korean: 추징금 • Norwegian: tilleggsgebyr • Polish: dopłata • European Portuguese: • Romanian: suprataxă • Russian: доплата • Spanish: • Swedish: tilläggsavgift • Thai: เงินที่เก็บเพิ่ม, ค่าธรรมเนียมพิเศษ • Turkish: fazla fiyat isteme • Ukrainian: націнка • Vietnamese: khoản phụ trội

As anyone who’s booked an award flight with miles knows, “free” flights are rarely free. With few exceptions, you always have to pay some amount of taxes and fees when using airline miles to book an award flight. However, some airline award tickets are a lot more expensive than others. And that can be especially true when booking international award flights. Some of this extra expense can be chalked up to high airport taxes and fees—such as on premium cabin flights departing London. Another source of high out-of-pocket costs: fuel surcharges. These airline-imposed fees can add hundreds or sometimes over a thousand dollars in extra costs on what was supposed to be a “free” flight. But, the good news is that there are ways to avoid these fees. Let’s show you how. What Is a Fuel Surcharge? Technically levied as “carrier-imposed surcharges,” a fuel surcharge is the generic term for extra fees that some airlines charge in addition to the base airfare. This arbitrary fee is decided on by each airline and generally depends on the route. If you’re paying cash to book a flight, fuel surcharges are irrelevant. That’s because airlines are required by law to show the total price for a flight—including taxes, government fees and any fuel surcharges. So, it really doesn’t matter if you’re paying $0 or $1,000 in fuel surcharges. The advertised price is the price you’ll pay. That’s not true when booking flights with airline miles. Although an award booking may show a mileage price for a r...

The Arab oil embargo of 1973 led airlines to add fuel surcharges to their passenger fares that were large enough to discourage air travel. Surcharges are usually added for special service. When you request a "rush job" from a service supplier, it will probably bring a surcharge along with it. A particularly difficult phone installation may carry a surcharge. An extra-large fine for a speeding offense after you've already had too many tickets could be called a surcharge. An added tax may be called a surcharge (or surtax) when it only affects people with incomes above a certain level. And if those low, low prices that show up in really big letters in ads for all kinds of services turn out to be misleading, it's probably because they don't include a bunch of surcharges that you won't find out about till later. Verb The Connecticut Restaurant Association hasn’t weighed in on whether to repeal the meals surcharge or whether to redirect the tax receipts to towns. — Keith M. Phaneuf, Hartford Courant, 2 Feb. 2023 Josephson’s bill would increase that surcharge slightly. — James Brooks, Anchorage Daily News, 12 Mar. 2022 In addition to sales tax, the governor’s budget language would let New York City collect a $1.50-per-room nightly surcharge on hotel stays. — Jimmy Vielkind, WSJ, 25 Jan. 2021 The Osceola County Clerk of Court will be waiving a 40% collections surcharge during its Operation Green Light from Monday through Nov. 20. — Monivette Cordeiro, orlandosentinel.com, 6 Nov. 2...