average ticket

Definitions (2)

1. Credit card vendors: method of computing average size of sales by credit card.
2. Broker/dealers: average cost or trade by each customer. Calculation of the average ticket, whether it is used for credit card vendors or broker/dealer commissions is by calculating the total amount of sales over a specific period of time, and then dividing by the time period.

Use average ticket in a sentence

The average ticket price was very high and I knew that we needed to make more money if we were going to go to the game.

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The average ticket was a useful calculation to understand the relationships between the borrowers and the lenders completely and fully.

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The accounting team spent a long day running the numbers on the clients average ticket, and then treated themselves to a well deserved dinner downtown.

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