Meaning of “transaction cost” in the English Dictionary

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"transaction cost" in Business English

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transaction costnoun [ C, usually plural ]

uk us 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)