| 释义 |
Friction costs Friction costsCosts, both implied and direct, associated with a transaction. Such costs include time, effort, money, and associated tax effects of gathering information and making a transaction.Friction CostsThe total cost, both direct and indirect, of a transaction after commissions, interest rates, taxes, research, time, and other expenses. For example, a student loan has a principal and interest rate, but the friction cost may include an origination fee, a federal default fee, and other expenses. |