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- Dictionarycost/kɒst/
verb
- 1. (of an object or action) require the payment of (a specified sum of money) before it can be acquired or done: "each issue of the magazine costs £1" Similar
- 2. estimate the price of: "it is their job to plan and cost a media schedule for the campaign" Similar
noun
- 1. an amount that has to be paid or spent to buy or obtain something: "we are able to cover the cost of the event" Similar
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The meaning of COST is the amount or equivalent paid or charged for something : price. How to use cost in a sentence.
COST definition: 1. the amount of money needed to buy, do, or make something: 2. the amount of money needed for a…. Learn more.
What is a basic definition of cost? Cost means a price that must be paid for something or a sacrifice. Cost is used as a verb to mean to require a payment or to cause the loss of something.
Cost is the monetary value of goods and services purchased by producers and consumers. For example, a consumer typically equates cost with the price of a good (such as a loaf of bread, a pair of shoes, or a car) or a service (such as a haircut or a night in a hotel).
The cost of something is how much money you need to spend on it. The high cost of a fancy coffee drink might surprise you. A new car costs thousands of dollars, while in some places penny candy still only costs a penny per piece.
1. the price paid or required for acquiring, producing, or maintaining something, usually measured in money, time, or energy; expense or expenditure; outlay. 2. suffering or sacrifice; loss; penalty: count the cost to your health; I know to my cost. 3. (Economics) a. the amount paid for a commodity by its seller: to sell at cost.
The cost of something is the amount of money that is needed in order to buy, do, or make it. The cost of a loaf of bread has increased five-fold. [ + of] In 1989 the price of coffee fell so low that in many countries it did not even cover the cost of production. [ + of] Badges are also available at a cost of £2.50. [ + of]
COST definition: 1. the amount of money that you need to buy or do something: 2. something that you give or lose…. Learn more.
noun. the price paid to acquire, produce, accomplish, or maintain anything: the high cost of a good meal. Synonyms: outlay, expenditure, expense, charge. an outlay or expenditure of money, time, labor, trouble, etc.: What will the cost be to me? a sacrifice, loss, or penalty: to work at the cost of one's health. Synonyms: detriment. costs,Law.
In accounting, costs are the monetary value of expenditures for supplies, services, labor, products, equipment and other items purchased for use by a business or other accounting entity. [2] It is the amount denoted on invoices as the price and recorded in book keeping records as an expense or asset cost basis .
