What does 'surcharge' refer to?

The term 'surcharge' refers specifically to an extra charge or fee added to the base price of a product or service. This additional fee is typically implemented to account for various factors such as increased costs, special circumstances, or additional services provided. Understanding this term is particularly relevant in finance, pricing strategies, or any service-related industry where end-users need to be aware of potential additional costs beyond the standard pricing. Recognizing 'surcharge' as an extra charge helps consumers and businesses navigate financial transactions transparently, ensuring clarity in what they are expected to pay beyond the standard price.