VS.

Liability vs. Expense

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Liabilitynoun

An obligation, debt or responsibility owed to someone.

Expensenoun

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.’;

Liabilitynoun

A handicap that holds something back, a drawback, someone or something that is a burden to whoever is required to take care of them; an individual or action that exposes others to greater risk.

Expensenoun

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.’;

Liabilitynoun

The likelihood of something happening.

Expensenoun

(obsolete) Loss.

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Liabilitynoun

The condition of being susceptible to something.

Expenseverb

(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.’;

Liabilitynoun

The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.

Expensenoun

A spending or consuming; disbursement; expenditure.

‘Husband nature's riches from expense.’;

Liabilitynoun

That which one is under obligation to pay, or for which one is liable.

Expensenoun

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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Liabilitynoun

the state of being legally obliged and responsible

Expensenoun

Loss.

‘And moan the expense of many a vanished sight.’;

Liabilitynoun

an obligation to pay money to another party

Expensenoun

amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)

Liabilitynoun

the quality of being something that holds you back

Expensenoun

a detriment or sacrifice;

‘at the expense of’;

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Expensenoun

money spent to perform work and usually reimbursed by an employer;

‘he kept a careful record of his expenses at the meeting’;

Expensenoun

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’;

Expensenoun

the costs incurred in the performance of one's job or a specific task

‘his hotel and travel expenses’;

Expensenoun

a thing on which one is required to spend money

‘tolls are a daily expense’;

Expenseverb

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’;

Expenseverb

charge (something) to an expense account

‘I can expense the refreshments’;

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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