Meaning of FEE in English

FEE

In law, an inheritable freehold estate in real property (see real and personal property ).

The word derives from fief , as used in feudal law. Modern property law includes several varieties of fee, including fee simple (alienable and of indefinite duration), fee tail (granted to an individual and his or her descendants but subject to reversion if a tenant dies with no descendants), and life fee or life estate (held only during the lifetime of the grantee).

Britannica English dictionary.      Английский словарь Британика.