dollar cost averaging
dollar averaging
noun
a system of buying securities at regular intervals, using the same amount of cash for each purchase, over a considerable period of time regardless of the prevailing prices of the securities, resulting in having bought the total at an average cost.
Also called dollar cost averaging.
Origin:
1925–30
1925–30
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Based on the Random House Dictionary, © Random House, Inc. 2013.
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Dollar cost averaging
is always a great word to know.
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