explicit fee
[/ɪkˈsplɪsɪt fiː/]
nounpl: explicit fees
taxa explícita
1. A clearly stated, openly disclosed charge or cost that is directly communicated to the customer before or at the time of a transaction
The explicit fee for the wire transfer is $25, which is clearly listed in the contract.
A taxa explícita para a transferência eletrônica é de $25, que está claramente listada no contrato.
2. In finance and business, a fee that is itemized and transparent rather than hidden or bundled into other charges
Banks must disclose all explicit fees before customers open an account.
Os bancos devem divulgar todas as taxas explícitas antes que os clientes abram uma conta.
In Brazil and the United States, explicit fees are increasingly mandated by consumer protection regulations. Financial institutions are required to clearly disclose all explicit fees upfront, reflecting a broader movement toward financial transparency and consumer rights protection.
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