expense

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Expenses

Costs of living or doing business. Examples of personal expenses include the mortgage payment, groceries, and gas for the car. Examples of business expenses include the cost of materials, employee salaries, and other overhead. Expenses also include unusual costs like medical bills or employee bonuses. Businesses attempt to keep costs to the lowest possible amount without sacrificing revenue. This maximizes profit. Likewise, households generally attempt (and in many cases must) keep expenses lower than household income. While business expenses are generally tax deductible, most personal expenses are not.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

expense

any expenditure which is chargeable to the trading activities of an accounting period. This includes cash expenditures on materials and labour, and non-cash items of expenditure such as credit purchases and depreciation.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
The recurring expenses -- latent share losses, insurance payouts, and money transfers to reserves for future payouts -- for the latest fiscal half also fell.
But Katayama noted the central government's expenses to help fund compulsory education ''account for some 3 trillion yen, the biggest chunk in the annual recurring expenses of 6.3 trillion yen allocated by the central government'' to local governments.
Under the uniform capitalization regulations, however, service costs that either (a) directly benefit or (b) are incurred by reason of the performance of production or resale activities of a taxpayer may be capitalized.(49) The uniform capitalization regulations are thus consistent with cases requiring capitalization of wages allocable to the construction of fixed assets.(50) Where relocation costs are unrelated to the construction of fixed assets, however, the costs are deductible recurring expenses.
Synergies, stemming from the integration of networks and processes, and efforts aimed at optimisation, will lead to the savings, which will be achieved via lower recurring expenses for the period between 2010 and 2013.
The total revenues amounted to BD1.71 billion and total expenses reached BD2.15 billion, of which recurring expenses amounted to BD1.69 billion and projects costs were put at BD461.9 million.