expensive

Expensive

Of or related to the high cost of a good, service, or security. Expensiveness is determined by comparing the cost to similar goods, services, and securities. Expensiveness is also related to one's ability to buy: what seems expensive to one person may not seem so to another. Expensiveness may be justified depending on the quality of the good, service, or security.

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expensive

Of, relating to, or being a security that sells at a market price above what is expected, given fundamental factors such as earnings, assets, and management ability. Deciding whether a security is expensive is a subjective judgment. Compare cheap.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.