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quarterage

Line breaks: quar¦ter|age
Pronunciation: /ˈkwɔːt(ə)rɪdʒ
 
/

Definition of quarterage in English:

noun

archaic
A sum paid or received quarterly.
Example sentences
  • This lease not only provided Sidebottom with a quarterage on the amount of coal extracted, but also brought the considerable sum of a L50 yearly rent fee and other rents.
  • This percentage was the traditional ‘quarterage.’
  • However, it is a matter of regret that 25 members have still not paid their quarterage which was due in October, a shortfall of over £4,300 in income.

Definition of quarterage in:

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