original cost(redirected from original costs)
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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.
See historical cost.
The cost to the current owner. Contrast with historic cost, which is the original construction cost.