When joining a country club, a potential member may be required to pay ________ fee which may be refundable when the member resigns.

Question

Quizplus · Accepted Answer

An initiation fee is a one-time fee that a new member may be required to pay when joining a country club. This fee may be refundable when the member resigns, but it is not a monthly fee or a member fee. A founders fee is a type of initiation fee that is usually higher and may come with additional perks.

When Joining a Country Club, a Potential Member May Be