Updated: Aug 20, 2021

Very generally, the total amount of money that must be handed over in exchange for an article or service that is being purchased. This does not necessarily have anything to do with the value of the item.

Reference: The Penguin Business Dictionary , 3rd edt.

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James Knight
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James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.