| ETC - Early Termination Charge |
The amount charged by a service provider for the early termination of a contract. For Mobiles, this is usually the number of months remaining on the contract multiplied by the minimum monthly commitment of that contract. For Landlines, this is often the repayment of any previously granted bonuses and the payment of a nominated monthly amount multiplied by the remaining months of the contract period. Also called a Cancellation Fee, Contract Cancellation Fee, Contract Termination Charges, etc.
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