PROFESSIONAL FEE Definition

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PROFESSIONAL FEE is that fee charged for services from university trained professionals; primarily doctors, lawyers and accountants. The term is often expanded to include other university trained professions, e.g. pharmacists charging to maintain a medicinal profile of a client or customer.

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MATERIAL is information important enough to change an investor's decision. Insignificant information has no effect on decisions, so there is no need to report it.

YEAR-END DIVIDEND is a payment to stockholders from retained earnings, declared at the end to a business year.

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