transaction cost
Definition 1
General: Fee charged by a financial intermediary such as a bank, broker, or underwriter.
Definition 2
Economics: 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.
Mentioned in these definitions
Popular 'Accounting & Auditing' Terms
transaction cost in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/transaction-cost.html
