Nickel and Dime Definition

"Nickel and dime" is a colloquial phrase, generally derogatory, meaning a small amount of money or a small-scale operation of little importance. For example, if you feel you are vastly underpaid at your job you might describe your paycheck as a "nickel and dime check"; a local store with a small market that consistently underperforms might be described as a "nickel and dime operation".

The phrase might also be used to describe a company that constantly assesses small charges for seemingly every service. For example, you might say of your bank "This place is going to nickel and dime me to bankruptcy."