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initiation fees

Defined in 1 dictionary — Case Law

Definitions from Case Law

United States Supreme Court

any payment, contribution, or loan required as a condition precedent to membership, whether or not any such payment, contribution, or loan is evidenced by a certificate of interest or indebtedness or share of stock, and irrespective of the person or organization to whom paid, contributed, or loaned.

Defined by the Supreme Court in White v. Winchester Country Club, 315 U.S. 32 (1942).