expensive

expensive definition - business

expensive

Of, relating to, or being an asset that sells or is offered for sale at a price above what is expected based on fundamental factors of valuation such as location or earnings potential. Deciding whether an asset is expensive is a subjective judgment. Compare cheap 1.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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