Temporal arteritis, also known as giant cell arteritis, is a condition that involves blood vessel inflammation and damage. According to the University of Maryland Medical Center, this condition may affect the medium or large arteries that supply blood to your head, neck, upper body and arms.
Legal Definition of opportunity cost. : the cost of making an investment that is the difference between the return on one investment and the return on an alternative.
1 Opportunity costs: It is the value of benefit sacrificed in favor of an alternative course of action. 2  Relevant cost: The relevant cost is a cost which is relevant in various decisions of management.  Replacement cost: This cost is the cost at which existing items of material or fixed assets can be replaced.