drop-dead fee

(redirected from Drop Dead Fee)
Also found in: Financial.

drop-dead fee

n
(Banking & Finance) a fee paid to an organization lending money to a company that is hoping to use it to finance a takeover bid. The fee is only paid if the bid fails and interest charges are only incurred if the money is needed
References in periodicals archive ?
Consultants mainly raised concerns on the extension of timeline for submission of proposal, drop dead fee and road show expenses.
With reference to 'Drop Dead Fee' the Authority decided that the same would be fixed as $350,000 for all the three relevant sub-clauses where it is applicable in the RFP.