Opportunity Cost
: definitionOur Real Estate glossary has definitions to 54
Real Estate terms or mortgage terms.
Please pick a letter to proceed to the terms associated with that letter.
| Opportunity Cost
: | |
| Opportunity cost is the cost of giving up something for something else. An example might be if a person spends money on cable TV instead of putting the money in savings. The opportunity cost would be that money in savings plus all the money earned on the interest on that money. So this is the real value that must be considered when spending the money on one item versus another.
|
|
