Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Transaction Costs

Updated on 2023-08-29T11:56:39.370655Z

In financial terms, transaction costs refer to the costs that are incurred to meet certain transactions between two entities. Some of the examples of transaction costs are legal fees, communication charges, and payments to middlemen.