expenses

/ɪkˈspɛnsɪz/
nounIntermediate
💰Finance
formal

Money spent or costs incurred, typically in a business or personal context.

The company's quarterly expenses included office supplies and travel costs.

The company's quarterly expenses included office supplies and travel costs.

She tracked her daily expenses using a budgeting app.

She tracked her daily expenses using a budgeting app.

💡

In financial contexts, 'expenses' often refers to costs that reduce net income.

general

The act of spending money or incurring costs.

He tried to minimize his expenses by cooking at home.

He tried to minimize his expenses by cooking at home.

💡

In everyday usage, 'expenses' can refer to any money spent, whether personal or professional.

Collocations

business expensescosts incurred by a businessoperating expensesregular costs of running a businessoverhead expensesfixed costs of operating a businessreimbursable expensescosts that can be claimed back

Synonyms

Antonyms

Related Phrases

cut expensesphrase
reduce spending
write off expensesphrase
claim expenses as tax-deductible

💡Pro Tip

Accounting for Expenses

In business, categorize expenses properly to ensure accurate financial reporting and tax compliance.

Gold Rule

Distinguish Between Expenses and Investments

Expenses are costs that do not generate future economic benefits, while investments are costs that may provide long-term value.

📖Word Origin

From Middle English 'expense,' from Old French 'expense,' from Latin 'expensa,' past participle of 'expendere' (to spend).

📝Usage Notes

In accounting, 'expenses' are typically categorized as operating, non-operating, or capital expenses. In personal finance, it refers to money spent on necessities or discretionary items.

Word Breakdown

ex-
out of
prefix
+
-pend-
to spend or weigh
root
+
-es
plural form
suffix
English Dictionary