Transversality-condition Definition

noun

(economics) A terminal condition on a costate variable in a, usually infinite, time optimization problem.

Wiktionary

Other Word Forms of Transversality-condition

Noun

Singular:
transversality-condition
Plural:
transversality conditions

Origin of Transversality-condition

  • To quote from Optimization in economics and finance

    From Wiktionary

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