单词 | transaction cost |
释义 | transaction costDefinitions 1. A fee charged by a financial intermediary such as a bank, broker, or underwriter. 2. Economics: The cost associated with exchange of goods or services and incurred in overcoming market imperfections. Transaction costs cover a wide range: communication charges, legal fees, informational cost of finding the price, quality, and durability, etc., and may also include transportation costs. Transaction costs are a critical factor in deciding whether to make a product or buy it. Also called frictional cost. See also transfer cost. Use 'transaction cost' in a SentenceYou need to understand how much the transaction cost will be and be sure to factor that into your budget. The transaction cost was something that I didn't like because it meant that I lost some money and therefore had less. The transaction cost was too high if we went through our primary bank so we proceeded with our secondary bank. |
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