Cost vs. Expense
Difference Between Cost and Expense
Cost➦
In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost.
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Expense➦
Expenditure is an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs. For a tenant, rent is an expense.
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Cost➦
An amount paid or required in payment for a purchase; a price.
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Expense➦
the cost incurred in or required for something
conference rooms were equipped at great expense
book into the best hotel you can find and hang the expense
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Cost➦
The expenditure of something, such as time or labor, necessary for the attainment of a goal
"Freedom to advocate unpopular causes does not require that such advocacy be without cost" (Milton Friedman).
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Expense➦
offset (an item of expenditure) as an expense against taxable income
up to $17,500 in capital expenditures can be expensed in the year they were incurred
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Cost➦
costs(Law) Charges incurred in bringing litigation, including court fees and charges that may be payable by the losing party, but usually not including attorneys' fees.
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Expense➦
Something spent to attain a goal or accomplish a purpose
an expense of time and energy on the project.
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Cost➦
To require a specified payment, expenditure, effort, or loss
It costs more to live in the city.
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Expense➦
A loss for the sake of something gained; a sacrifice
achieved speed at the expense of accuracy.
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Cost➦
To have as a price.
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Expense➦
An expenditure of money; a cost
an improvement that was well worth the expense.
a trip with all expenses paid.
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Cost➦
To cause to lose, suffer, or sacrifice
Participating in the strike cost me my job.
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Expense➦
Charges incurred by an employee in the performance of work
was reimbursed for her travel expenses.
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Cost➦
past tense and past participle costed To estimate or determine the cost of
The accountants costed out our expenses.
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Expense➦
(Informal) Money allotted for payment of such charges.
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Cost➦
To incur a charge of; to require payment of a (specified) price.
This shirt cost $50, while this was cheaper at only $30.
It will cost you a lot of money to take a trip around the world.
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Expense➦
Something requiring the expenditure of money
Redecorating the house will be a considerable expense.
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Cost➦
To cause something to be lost; to cause the expenditure or relinquishment of.
Trying to rescue the man from the burning building cost them their lives.
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Expense➦
(Archaic) The act of expending.
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Cost➦
To require to be borne or suffered; to cause.
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Expense➦
To charge with expenses.
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Cost➦
To calculate or estimate a price.
I'd cost the repair work at a few thousand.
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Expense➦
To write off as an expense.
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Cost➦
Amount of money, time, etc. that is required or used.
The total cost of the new complex was an estimated $1.5 million.
We have to cut costs if we want to avoid bankruptcy.
The average cost of a new house is twice as much as it was 20 years ago.
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Expense➦
A spending or consuming, often a disbursement of funds.
She went to great expense to ensure her children would get the best education.
Buying the car was a big expense, but will be worth it in the long run.
We had a training weekend in New York, at the expense of our company.
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Cost➦
A negative consequence or loss that occurs or is required to occur.
Spending all your time working may earn you a lot of money at the cost of your health.
The army won the battle decisively, but at a cost of many lives.
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Expense➦
The elimination or consumption of something, sometimes with the notion of loss or damage to the thing eliminated.
Jones reached the final at the expense of Smith, who couldn't beat him.
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Cost➦
(obsolete) Manner; way; means; available course; contrivance.en
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Expense➦
(obsolete) Loss.
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Cost➦
Quality; condition; property; value; worth; a wont or habit; disposition; nature; kind; characteristic.
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Expense➦
(transitive) To charge a cost against an expense account; to bill something to the company for which one works.
It should be acceptable to expense a business lunch with a client.
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Cost➦
(obsolete) A rib; a side.
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Expense➦
A spending or consuming; disbursement; expenditure.
Husband nature's riches from expense.
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Cost➦
(heraldry) A cottise.
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Expense➦
That which is expended, laid out, or consumed; cost; outlay; charge; - sometimes with the notion of loss or damage to those on whom the expense falls; as, the expenses of war; an expense of time.
Courting popularity at his party's expense.
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Cost➦
A rib; a side; a region or coast.
Betwixt the costs of a ship.
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Expense➦
Loss.
And moan the expense of many a vanished sight.
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Cost➦
See Cottise.
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Expense➦
amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)
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Cost➦
The amount paid, charged, or engaged to be paid, for anything bought or taken in barter; charge; expense; hence, whatever, as labor, self-denial, suffering, etc., is requisite to secure benefit.
One day shall crown the alliance on 't so please you,Here at my house, and at my proper cost.
At less cost of life than is often expended in a skirmish, [Charles V.] saved Europe from invasion.
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Expense➦
a detriment or sacrifice;
at the expense of
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Cost➦
Loss of any kind; detriment; pain; suffering.
I know thy trains,Though dearly to my cost, thy gins and toils.
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Expense➦
money spent to perform work and usually reimbursed by an employer;
he kept a careful record of his expenses at the meeting
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Cost➦
Expenses incurred in litigation.
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Cost➦
To require to be given, expended, or laid out therefor, as in barter, purchase, acquisition, etc.; to cause the cost, expenditure, relinquishment, or loss of; as, the ticket cost a dollar; the effort cost his life.
A diamond gone, cost me two thousand ducats.
Though it cost me ten nights' watchings.
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Cost➦
To require to be borne or suffered; to cause.
To do him wanton rites, which cost them woe.
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Cost➦
the total spent for goods or services including money and time and labor
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Cost➦
the property of having material worth (often indicated by the amount of money something would bring if sold);
the fluctuating monetary value of gold and silver
he puts a high price on his services
he couldn't calculate the cost of the collection
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Cost➦
value measured by what must be given or done or undergone to obtain something;
the cost in human life was enormous
the price of success is hard work
what price glory?
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Cost➦
be priced at;
These shoes cost $100
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Cost➦
require to lose, suffer, or sacrifice;
This mistake cost him his job
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