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Investing Glossary:
Transactions costs
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| The time, effort, and Money necessary, including such things as Commission fees and the cost of physically moving the Asset from seller to buyer. Transactions costs should also include the bid/ask spread as well as Price impact costs (for example a large sell Order could lower the price). Related: Round-trip transactions costs, information costs, search costs.
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