externality

externality. (usu. pl.) A social or monetary consequence or side effect of one’s economic activity, causing another to benefit without paying or to suffer without compensation.

— Also termed spillover; neighborhood effect.

negative externality. An externality that is detrimental to another, such as water pollution created by a nearby factory.

positive externality. An externality that benefits another, such as the advantage received by a neighborhood when a homeowner attractively landscapes the property.

---

词条贡献者

资深译员Connie，国际知名法学院金融专业，擅长翻译各类与证券监管执法相关的法律文件。