assurance fee

USAGE SUMMARY

"assurance fee" is a correct and usable phrase in written English.
It is used to describe a fee associated with obtaining insurance, such as an annual premium, and can be used in either formal or informal contexts. For example, "The assurance fee for this policy is quite high, but it will give us peace of mind."

✓ Grammatically correct

News & Media

Science

Academia

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

The "quality assurance fee" for nursing homes is back on the table.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

59 human-written examples

By participating in the Dentacoin Network, dentists are able to enjoy a stable basic income through rewards and assurance fees, create a loyal patient community, increase the level of customer satisfaction, and reduce the costs for acquisition of new patients.

Forbes

Non-UK EU students have been told they can access student loans but have no assurance on fees.

The Guardian

That fiduciary rule will soon require all financial advisers to act in the best interests of their clients in managing most retirement accounts, with assurances that fees will be fully disclosed and the customers' interests will come first.

HuffPost

Among these were a membership vote before the stock sale began, an increase in the amount of Nasdaq stock allotted to small firms and assurances that member fees would not be increased.

The New York Times

Time Warner stock has risen partly because of Bewkes' assurances that the fees that cable and satellite operators shell out for the Turner networks will increase dramatically over the next few years.

Los Angeles Times

The decisive difference might be that the educational authorities of Hong Kong have implemented a quality assurance system and a tuition fee approbation system.

International Journal of Child Care and Education Policy

"There is no clear assurance that a hike in fees would improve student choice or quality and the evidence since fees tripled four years ago shows that neither student satisfaction nor quality has improved".

The Guardian

But these were rejected by European officials, prompting further concessions two weeks ago and an assurance last week that derivatives trading fees would be capped for three years after the deal.

Huffington Post

But prohibiting local districts from charging such fees, without any assurance they would share in the funds collected through a state assessment, is not the solution, he said.

Los Angeles Times

Costs included salary and benefits; overhead for therapists, supervisors, and program staff; therapist mileage; travel for training; MST licensing fees; and quality assurance costs.

Diabetes Care

Expert writing Tips

Best practice

When using "assurance fee", clearly define what the assurance covers to avoid ambiguity. For example, specify if it relates to product warranties, service guarantees, or financial securities.

Common error

Avoid using "assurance fee" interchangeably with "insurance premium". While both involve payments for protection, an insurance premium specifically refers to the cost of an insurance policy, while an "assurance fee" may cover a broader range of guarantees and protections.

Linguistic Context

The phrase "assurance fee" primarily functions as a compound noun, designating a specific type of charge. It identifies a fee associated with securing some form of guarantee, security, or assurance. The Ludwig AI confirms that "assurance fee" is a correct and usable phrase.

Expression frequency: Rare

Frequent in

News & Media

33%

Science

33%

Academia

33%

Less common in

Formal & Business

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "assurance fee" refers to a payment made for a guarantee or some level of protection. Although Ludwig AI confirms the phrase is correct and usable, it is relatively rare in common usage. The phrase appears in various contexts, including news, science, and academic publications. When using the phrase "assurance fee", it is important to clarify the type of assurance being provided to avoid confusion, because, as discussed, the phrase can cover various forms of guarantees.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

insurance premium

Refers specifically to the payment for an insurance policy, differing in its direct association with insurance.

guarantee charge

Emphasizes the cost of a guarantee, shifting focus from assurance to a formal promise.

warranty cost

Highlights the expense related to a warranty, specifically for product protection.

service agreement fee

Specifies a fee for a service agreement, broadening the scope beyond just assurance.

protection fee

A more general term for a fee paid for protection or security, less specific than "assurance fee".

security deposit

A sum paid as security for a future event, differing in that it is often refundable.

premium payment

Broader term for any payment made for a premium service or product, not exclusively assurance.

coverage cost

Focuses on the cost of coverage, applicable in various contexts like insurance or healthcare.

underwriting fee

Specific to financial contexts, referring to the fee for underwriting a financial instrument.

surety bond cost

Cost associated with a surety bond, which provides a guarantee that a contract will be fulfilled.

FAQs

What does the term "assurance fee" mean?

An "assurance fee" typically refers to a payment made to secure a guarantee or protection, often associated with insurance, warranties, or service agreements. It ensures a certain level of coverage or support.

How does an "assurance fee" differ from an insurance premium?

While both involve payments for protection, an insurance premium specifically covers risks outlined in an insurance policy. An "assurance fee" can be broader, covering various forms of guarantees beyond traditional insurance.

Are there alternative phrases I can use instead of "assurance fee"?

Yes, depending on the context, you could use terms like "insurance premium", "guarantee charge", or "warranty cost".

In what situations is it appropriate to use the term "assurance fee"?

The term "assurance fee" is suitable when describing a fee for a guarantee or assurance that isn't strictly insurance-related. This could include quality assurance programs, service level agreements, or extended warranties.