Meaning of the word "trade off" in English

What does "trade off" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

trade off

US /ˈtreɪd ˌɔf/
UK /ˈtreɪd ˌɒf/

Noun

a balance achieved between two desirable but incompatible features; a compromise

Example:
There's always a trade-off between quality and cost.
We had to make a trade-off between speed and accuracy.

Phrasal Verb

to balance two opposing situations or qualities so that you can achieve something

Example:
You have to trade off convenience for security when using public Wi-Fi.
They decided to trade off some features for a lower price.