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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
A long-discredited hypothesis to explain this holds that substituting carbs and sugar for fat is a bad trade-off.
Having tight control like this is a trade-off for a nuanced and complex narrative.
Essentially the decision comes down to a trade-off between features and portability.
There's inevitably a trade-off between keeping company or continuing a conversation with them and keeping moving.
Nor, for once, does the good ride mean a trade-off in compromised handling.
It is a trade-off that continues into the era of digital cellular telephones.

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