Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

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 from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of transaction cost?
Add Cambridge dictionaries to your browser to your website

Word of the Day

light at the end of the tunnel

signs of improvement in a situation that has been bad for a long time, or signs that a long and difficult piece of work is almost finished

Word of the Day

The language of work

by Kate Woodford,
October 15, 2014
Most of us talk about our jobs. We tell our family and friends interesting or funny things that have happened in the workplace (=room where we do our job), we describe – and sometimes complain about – our bosses and colleagues and when we meet someone for the first time, we tell

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More