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Definition of ETF: What is an Early Termination Fee?

From Adam Fendelman, About.com Guide   December 28, 2009

Question mark for cell phone definitions and glossary
Image © Chad Baker, Getty Images
The acronym ETF stands for early termination fee. An ETF is a fee charged by a cell phone carrier when you break your service agreement early.

But how much are the ETFs at the major cell phone carriers? Why is there widespread criticism for ETFs? How can you break a cell phone contract affordably? What are the alternatives to contract-based service?

For these answers and more, learn all about early termination fees in my new ETF glossary entry.

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