(mainly US, commerce) a document, usually negotiable, containing a signed promise to pay a stated sum of money to a specified person at a designated date or on demand Also called note, note of hand.
Before the amendment, retailers paid an average of 44 cents for a typical debit card transaction, then valued at roughly $38. The Durbin rules meant that for that typical $38 purchase, the maximum fee would be about 24 cents, 45% less than the average cost before the law took effect.
BREAKING DOWN 'Dollar-Cost Averaging-DCA'. Eventually, the average cost per share of the security will become smaller and smaller. Dollar-cost averaging lessens the risk of investing a large amount in a single investment at the wrong time.For example, you decide to purchase $100 worth of XYZ each month for three months.EFINITION of 'Dollar-Cost Averaging-DCA'. The technique of buying a fixed dollar amount of a particular investment on a regular schedule, regardless of the share price.