(いやくきん)

いやくきん
noun
penalty fee; cancellation fee
1. penalty fee; cancellation fee
A fee charged when breaking or canceling a contract before its term ends, common with phone contracts, gym memberships, and rental agreements.
違約金(いやくきん)はいくらですか。
How much is the cancellation fee?
途中(とちゅう)解約(かいやく)すると違約金(いやくきん)がかかる。
If you cancel early, there's a penalty fee.
2年(にねん)(しば)りの契約(けいやく)違約金(いやくきん)(たか)かった。
The penalty fee was high because of the two-year contract.

違約金(いやくきん) is common in Japanese service contracts. Phone contracts traditionally had 2-year terms (2年(にねん)(しば)り) with significant cancellation fees, though regulations have changed to reduce these.

COMMON COLLOCATIONS:

  • 違約金(いやくきん)発生(はっせい)する (penalty fee is incurred)
  • 違約金(いやくきん)なし(なし) (no cancellation fee)
  • 違約金(いやくきん)(はら)う (to pay a penalty fee)

RELATED TERMS:

  • 解約(かいやく): cancellation
  • 契約(けいやく)期間(きかん): contract period
  • 2年(にねん)(しば)り: 2-year contract binding