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What is a trade-off?

What is a trade-off? Here are some definitions.

Noun
  1. Any situation in which the quality or quantity of one thing must be decreased for another to be increased.
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Examples
There may often be a trade-off between portability and ownership, and so users may have to decide which is more important.
There's inevitably a trade-off between keeping company or continuing a conversation with them and keeping moving.
It is a trade-off that continues into the era of digital cellular telephones.
Our objective this year is to win a race even if we have to compromise our championship position somewhat, we will make the trade-off.
Having tight control like this is a trade-off for a nuanced and complex narrative.
There is a trade-off between perfection on the one hand and speed, economy, and finality on the other hand.

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