Usually means: Cost or benefit affecting bystanders.
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We found 33 dictionaries that define the word externality:

General (20 matching dictionaries)
  1. externality: Merriam-Webster
  2. externality: Oxford Learner's Dictionaries
  3. externality: American Heritage Dictionary of the English Language
  4. externality: Collins English Dictionary
  5. externality: Vocabulary.com
  6. externality: Wordnik
  7. externality: Wiktionary
  8. externality: Webster's New World College Dictionary, 4th Ed.
  9. externality: Infoplease Dictionary
  10. externality: Dictionary.com
  11. Externality: Wikipedia, the Free Encyclopedia
  12. Externality: Online Plain Text English Dictionary
  13. externality: Webster's Revised Unabridged, 1913 Edition
  14. externality: Rhymezone
  15. Externality: AllWords.com Multi-Lingual Dictionary
  16. externality: Webster's 1828 Dictionary
  17. externality: FreeDictionary.org
  18. externality: Mnemonic Dictionary
  19. externality: TheFreeDictionary.com
  20. externality: Longman Dictionary of Contemporary English

Business (6 matching dictionaries)
  1. INVESTORWORDS (No longer online)
  2. externality: Glossary of research economics
  3. Externality: Deardorff's Glossary of International Economics
  4. Externality: Investopedia
  5. externality: Legal dictionary
  6. Accounting, Business Studies and Economics Dictionary (No longer online)

Computing (2 matching dictionaries)
  1. Externality: Cybernetics and Systems
  2. externality: Encyclopedia

Medicine (2 matching dictionaries)
  1. online medical dictionary (No longer online)
  2. externality: Medical dictionary

Slang (1 matching dictionary)
  1. externality: Urban Dictionary

Tech (2 matching dictionaries)
  1. Lake and Water Word Glossary (No longer online)
  2. Glossary of Energy Terms (No longer online)

(Note: See externalities as well.)

Definitions from Wiktionary (externality)

noun:  (uncountable) The state of being external or externalized.
noun:  (countable) A thing that is external relative to something else.
noun:  (economics, countable) An impact, positive or negative, on any party not involved in a given economic transaction or act.

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