(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.
Dr. Robert Breuder, College of Dupage president at 2014 commencement-Image Source. DUPAGE-An email circulated to the College of DuPage's Board of Trustees from the school's president may have cost the school $20 million in state funds, local news reports indicate Thursday. Governor Pat Quinn will not be pushing promised funds to the college after all, a governor's spokesperson told the Daily Herald.