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original cost |
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Original Cost The total cost of a transaction after commissions, interest rates, and other expenses. For example, a student loan has a principal and interest rate, but the original cost may include an origination fee, a federal default fee, and other expenses. Physical assets also have original costs: one must buy the asset, transport it to where it needs to be, and perhaps pay start-up fees to begin to use it. original cost The cost to the current owner. Contrast with historic cost, which is the original construction cost. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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