expense
noun
uk/ɪkˈspens/ us [ C or U ] ACCOUNTING
an amount of money that a person or business spends in order to do something:
a big/major expense Waste disposal is a major expense for us.
cut down on/reduce/cut expense We need to cut down on our expenses.
cover/meet expenses He said the business needed to borrow to meet future expenses.
bear/incur an expense In your tax return you can include tax-deductible expenses incurred as a result of employment.
a business/operating/running expense
legal/medical/administrative expenses
unnecessary/additional/extra expense Money can be moved into the account without the unnecessary expense of being converted into sterling.
[ U ]
the large amount of money that something costs:
Buying a bigger car has proved to be well worth the expense.
He just had his office remodelled at great expense.
Having gone to the expense of hiring an exhibition stand, you need to make the most of the selling opportunity.
expenses [ plural ]
HR, ACCOUNTING
money that you spend when you are doing your job, that an employer or other organization pays back to you:
pay/cover/reimburse sb's expenses She was invited to speak at the conference, with an offer to cover all her expenses.
travel/relocation/subsistence expenses
Details of how to claim expenses can be found on the website.
Committee members are paid £160 plus expenses to attend the fortnightly meetings.
I need to get my expenses approved.
all expenses paid
if something is all expenses paid, you do not have to pay for anything yourself:
She's going to a conference in Tokyo, all expenses paid.
an all-expenses-paid trip to New York
at sb's expense
paid for by someone:
They are living an extravagant lifestyle at the taxpayer's expense.
If you lose your ticket, you will have to buy another at your own expense.
on expenses
using money that will be paid back by your employer:
He took me out to lunch on expenses.
I usually travel standard class on the train, even when on expenses.
spare no expense
to spend a lot of money in order to make something extremely good:
No expense was spared in redesigning the chairman's office.
See also
accrued expense
capital expense
direct expense
entertainment expenses
fixed expense
general expense
handling expense
indirect expense
interest expense
marketing expense
operating expense
overhead expense
sales expense
travel expense
expense
verb [ T ]
ACCOUNTING uk/ɪkˈspens/ usto show the full amount of money paid for something as a cost in a company's accounts, rather than showing it as a lower and lower amount over a period of time:
The accounting rule allows research-and-development costs to be instantly expensed or deducted from profits.