Definition of Cost:
An amount that has to be paid or given up in order to get something.
In business, cost is usually a monetary valuation of (1) effort, (2) material, (3) resources, (4) time and utilities consumed, (5) risks incurred, and (6) opportunity forgone in production and delivery of a good or service. All expenses are costs, but not all costs (such as those incurred in acquisition of an income-generating asset) are expenses.
Synonyms of Cost
Afford, Amount, Amount to, Bereavement, Bring, Bring in, Budget, Budget items, Burden of expenditure, Carrying charge, Charge, Charges, Come to, Come up to, Cost of living, Cost out, Cost-of-living allowance, Cost-of-living index, Costs, Damage, Dead loss, Debit, Denial, Denudation, Deprivation, Despoilment, Destruction, Detriment, Direct costs, Disbursals, Disburse, Dispossession, Distributed costs, Divestment, Expend, Expenditure, Expense, Expense account, Expenses, Fetch, Figure, Forfeit, Forfeiture, Fork out, General expenses, Get, Go through, Incur costs, Indirect costs, Injury, Invest, Labor costs, Lay out, Liabilities, Loser, Losing, Losing streak, Loss, Material costs, Mount up to, Open the purse, Operating costs, Operating expense, Outlay, Overhead, Pay, Pay out, Payment, Perdition, Price, Price tag, Prime cost, Privation, Put out, Rate, Replacement cost, Robbery, Ruin, Run into, Run through, Run to, Sacrifice, Schedule, Score, Sell for, Set one back, Shell out, Sink money in, Spend, Splurge, Spoliation, Squander, Stripping, Swindle sheet, Tab, Taking away, Tariff, Throw money around, Total loss, Total up to, Unit cost
How to use Cost in a sentence?
- When trying to decide how much profit you can make for your product setting the right cost can be the key.
- We had to conduct a cost versus benefit analysis regarding the proposition between the new business partner and our investors to make the best decision possible.
- Before I went on the trip, I wanted to know what it would cost me, in order to see if I could afford it.
Meaning of Cost & Cost Definition