GNU Collaborative International Dictionary of English

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Found one definition

1.       
   nickel-and-dime (?), v. t. [imp. & p. p. nickel-and-dimed or nickeled-and-dimed (#); p. pr. & vb. n. nickel-and-diming or nickeling-and-diming.]
   1. To harass or annoy with petty demands or for trivial reasons; specifically, to insist on minor concessions in a negotiation.
   
   [PJC]
   
   
   2. To weaken or impair gradually or by small steps; as, “to be nickel-and-dimed into bankruptcy by the operating overhead”. [informal]
   
   [PJC]