American Idol judge Harry Connick Jr's daughter charged with giving alcohol to minors after cops busted her house party. The 19-year-old daughter of American Idol judge Harry Connick Jr was arrested over the weekend in New Canaan, Connecticut, for hosting an underage drinking party while her parents were away.
A one-time fee charged to an account holder if he/she transfers or cancels an IRA. The termination fee is levied by the brokerage or bank that manages the IRA and must be spelled out in the agreement that created the account. Some brokerages and banks do not charge a termination fee. See also: Prepayment penalty.
In such cases, the acquirer has to pay the stipulated reverse termination fee to the target entity. In most cases, the size of the reverse termination fee depends on the size of the deal as the former is agreed as a percentage of the entire deal value. These fees are negotiated before-hand by both parties so that they are integral part of both public and private mergers.