ticking fee
C2CEFR level
96/100Rarity: very rare
TechnicalRegister
Law phrase
A fee that accrues on committed but undrawn acquisition debt between signing and closing to compensate lenders for holding the money available.
The sponsors resisted a ticking fee that would bite before completion of the target acquisition.
Business noun
Interest that accrues to lenders or sellers to compensate for a lengthening gap between signing and closing.
Regulatory review is dragging, and the ticking fee is now eating fifteen basis points a month.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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