Entrance Fee

A term that can refer to any charge for admission. However, it is commonly used in reference to continuing-care retirement communities (CCRCs). Rather than purchase a unit in a CCRC, residents typically pay a high entrance fee and monthly payments. The entrance fee is paid in exchange for services provided at the CCRC, such as nursing care throughout the lifetime of the resident.

In terms of investment, the longer you live the more services you use up and, therefore, you make better use of the entrance fee. There are many financial, legal and medical issues to consider when choosing a CCRC. It is recommended that residents, their families and/or professional advisors research a prospective CCRC thoroughly before the entrance fee commitment is made.


Investment dictionary. . 2012.

Look at other dictionaries:

  • entrance fee — entrance fees N COUNT An entrance fee is a sum of money which you pay before you go into somewhere such as a cinema or museum, or which you have to pay in order to join an organization or institution. The entrance fee is ₤9.50 …   English dictionary

  • entrance fee — UK US noun [C] ► an amount of money that you pay in order to be allowed into a cinema, theatre, etc.: »charge/pay an entrance fee …   Financial and business terms

  • entrance fee — noun the fee charged for admission • Syn: ↑admission, ↑admission charge, ↑admission fee, ↑admission price, ↑price of admission, ↑entrance money • Derivationally related forms: ↑admit ( …   Useful english dictionary

  • entrance fee — payment made to gain admission into an establishment or place …   English contemporary dictionary

  • entrance fee — A payment made for admission to a place of entertainment; the charge made for obtaining membership in a labor union …   Ballentine's law dictionary

  • fee — [ fi ] noun count *** 1. ) usually plural money that you pay to a professional person or institution for their work: Many doctors have a standard scale of fees. Tuition fees at Stanford have now reached $9,000 a year. charge/pay fees: It is… …   Usage of the words and phrases in modern English

  • fee — noun ADJECTIVE ▪ exorbitant, fat (informal), hefty, high, huge, large, substantial ▪ I expect you had to pay a fat fee to your divorce lawyers …   Collocations dictionary

  • entrance — I UK [ˈentrəns] / US noun Word forms entrance : singular entrance plural entrances *** [countable] the place where you can enter a room, building, or area I ll meet you at the main entrance at six o clock. entrance to/of: The statue of the Little …   English dictionary

  • entrance — en|trance1 [ entrəns ] noun *** count the place where you can enter a room, building, or area: I ll meet you at the main entrance at six o clock. entrance to/of: The statue of the Little Mermaid stands at the entrance to the harbor. a. usually… …   Usage of the words and phrases in modern English

  • fee — /fi:/ noun (countable often plural) 1 an amount of money that you pay to a professional person for their work : charge a fee: Some lawyers charge exhorbitant fees. | legal/medical fee: The insurance company paid all my medical fees. 2 an amount… …   Longman dictionary of contemporary English

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