What is fare and fees?

A fare is money paid for travel - eg. taxi fare, air fare etc. A fee is money paid for a service - eg.



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“Could I have the bill, please?” After paying the bill you can leave a small amount of additional money to the waiter, it's a 'tip'. 'Fare' is the price you pay to travel by bus, train, taxi, plane, etc.

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1. a. : the price charged to transport a person. b. : a paying passenger on a public conveyance.

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Understanding the Three Fee Types and How They Are Applied
  • Amortizing Fees. Amortizing fees, also known as deferred fees, are applied when the loan is originally opened. ...
  • Miscellaneous Fees. Miscellaneous fees are applied after a loan is opened when certain actions take place on the account. ...
  • Maintenance Fees (P/I Fee)


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As a verb, it means to proceed or get along, as in Fare thee well. As a noun, it can refer to the cost of travel (Train fare is ten dollars) or to food (Tatertots are typical cafeteria fare).

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The phrase cost of fare is correct and usable in written English. It is typically used to refer to the price that one pays for transportation.

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[countable, uncountable] the money that you pay to travel by bus, plane, taxi, etc. Children travel (at) half fare.

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She cannot afford the bus fare to town to see a doctor. The other was given his bus fare and told to go home. She could not afford the bus fare.

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In general, professional fees should be categorized as operating expenses on a company's income statement. However, there may be some instances where professional fees are classified as other expenses, such as in the case of certain legal fees that are considered one-time charges.

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