What is the payment required for processing a license application known as?

The payment required for processing a license application is referred to as the License Fee. This term is used to designate the specific charge associated with obtaining the legal right to operate within a regulated field, such as manufactured housing in Nevada. The License Fee often covers the costs associated with the evaluation of the application, including background checks and administrative processing.

While other terms might seem relevant, they serve different functions. The Application Fee typically covers the cost of submitting the application itself but does not specifically denote the charge for the licensing privilege. The Processing Fee can imply a charge for the handling of the application but does not specifically identify it as a charge associated with the license itself. Similarly, Service Charges usually refer to fees incurred for additional services provided, rather than the primary licensing fee. Thus, the License Fee is the most accurate term for the payment required to facilitate the issuance of a license.