average up

average up definition - finance
An investment strategy used in a rising market that is designed to reduce the overall cost of purchasing securities. For example, purchasing equal amounts of shares at $40, $43, $45, and $49 means that the average share cost is $44.25.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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