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.
Simply stated, an opportunity cost is the cost of a missed opportunity. It is the opposite of the benefit that would have been gained had an action, not taken, been takenâthe missed opportunity. This is a concept used in economics.