Average Transaction Size definition
Average Transaction Size means U.S. Single Use Charge Volume divided by the total number of transactions included in the calculation of Charge Volume for any given period.
Average Transaction Size means the Net Annual Charge Volume divided by the number of Charges, exclusive of Charges that qualify for discount interchan ge rates, during each Agreement Year.
Average Transaction Size means the Net Annual Charge Volume divided by the number of purchase transactions during each Agreement Year. A purchase transaction is a debit point of sale purchase transaction.
Examples of Average Transaction Size in a sentence
The Average Transaction Size is equal to or greater than five hundred U.S. Dollars ($500.00).
U.S. Bank will calculate the Large Ticket Average Transaction Size for the same Agreement Year to find the Large Ticket Volume Rebate Percentage on Table B for the Large Ticket Volume Rebate.
The Volume Rebate will be based on the Net Annual Charge Volume and the Average Transaction Size.
The Large Ticket Volume Rebate will be based on the Large Ticket Average Transaction Size.