What does annual fee mean?

annual fee meaning in Law Dictionary

fee charged yearly. Its recharged it doesn't matter what on a credit card.

annual fee meaning in Business Dictionary

Any fee that's charged on an annual (yearly) basis. Probably one of the most typical occurrences of an annual cost is the fee that's charged by some credit card companies to their credit card holders, exclusively for obtaining the credit card. This charge is charged regardless of other things (the quantity or worth of acquisitions utilizing the charge card, as an example).