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The Collaborative International Dictionary
Tradeoff

Tradeoff \Trade"off\, Trade-off \Trade"-off\, n.

  1. the exchange of one thing (object, right, opportunity) for another of approximately equal value, so as to seal a bargain, or effect a compromise.

  2. the giving up of one desired objective in order to attain another, when both cannot be achieved at the same time; as, the factory workers viewed the trade-off of air quality for jobs as a necessary evil.

Wiktionary
tradeoff

alt. An advantage or improvement that necessitates the corresponding loss or degradation of something else. n. An advantage or improvement that necessitates the corresponding loss or degradation of something else.

WordNet
tradeoff

n. an exchange that occurs as a compromise; "I faced a tradeoff between eating and buying my medicine" [syn: trade-off]

Usage examples of "tradeoff".

I know, you like the tradeoffs - but, then, none of those women was your daughter.

Human hardware surpassed the best the Kangas could build, but there were always tradeoffs.