(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.
As for his âcould cost the country billionsâ statement. Horsecrap. As of the middle of July, the Central Bank of Iraq had estimated the project will cost 172 billion dinar, or about $148 MILLION. They even broke down the cost of printing, transport, media campaign and other cost. They even gave the cost of the 2003-2004 reprinting as a reference. This guy is blowing smoke.