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sunk cost
(redirected from Committed Costs)

    Also found in: Wikipedia 0.04 sec.
Sunk Cost
A cost that has been incurred and cannot be reversed. Also referred to as "stranded cost."

Notes:
A worn-out piece of equipment bought several years ago is a sunk cost because the cost of buying it cannot be reversed.

sunk cost
A past outlay or loss that cannot be altered by current or future actions.
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5 million and committed costs to the end of March 2005 were $29.
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Additional support for the rating includes the member systems' 1996 reaffirmation to pay all of GTC's committed costs via joint and several take-or-pay commitments, extending through the year 2025, and the member systems solid financial position.
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