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English definition of “transaction cost”

transaction cost

noun [C, usually plural]     (also transactional cost)
COMMERCE, FINANCE an amount paid in order to buy or sell something in addition to the price of the thing itself, for example legal costs: If you move often, hefty transaction costs can wipe out any gains. There are transaction costs of about 7%.
(Definition of transaction cost noun from the Cambridge Business English Dictionary © Cambridge University Press)
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