dormancy fee
Defined in 1 place of the United States Code.
The terms “dormancy fee” and “inactivity charge or fee” mean a fee, charge, or penalty for non-use or inactivity of a gift certificate, store gift card, or general-use prepaid card.
Source
- 2009–present15 U.S.C. § 1693l-1Commerce and Trade · General-use prepaid cards, gift certificates, and store gift cards · in this section