Phrase guide
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noun
A terminal condition on a costate variable in a, usually infinite, time optimization problem.
Definition source: English Wiktionary via Wiktextract
Topics: economics, sciences
No example sentence was provided for this meaning.
Synonyms: none provided
Antonyms: none provided
History
To quote from Optimization in economics and finance : This terminal condition on λ(T) has often been called a transversality condition, for historical reasons deriving from time-optimal problems, where the (variable) time T to reach a target is minimized. In that situation, the transversality condition appears as a description of how the optimal path crosses a terminal line (graphing state against T).
