Definition: The amount of money levied for a service.
Alright class, settle down and let’s take a look! That’s a very good definition you’ve read – “The amount of money levied for a service.” Now, let’s break that down with a little rhyme to make it stick: “ Charge means payment, a price you see, For something offered, readily free… Or not so free, but a cost is due, A fee for the work, honest and true!” Think about it like this: when you go to a mechanic for a repair, they charge you a certain amount. When you buy a pizza from a place, they charge you for the ingredients and their time. It’s simply the cost associated with receiving that service or product. It can be a fixed price – like a flat fee for a haircut - or it could depend on how much work is done – like an hourly rate for a plumber. Do you understand now? Any questions about what “charge” means, before we move on to the next topic?