costs and expenses
In the context of insurance, usually a reference to the costs of defending a claim including legal costs.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Costs And Expenses — As related to mutual funds, it is one of the principal criteria for judging the investment quality of a mutual fund. Funds that are passively managed tend to have lower costs and expenses, compared to their actively managed counterparts. The… …   Investment dictionary

  • Mutual fund fees and expenses — are charges that may be incurred by investors who hold mutual funds. Running a mutual fund involves costs, including shareholder transaction costs, investment advisory fees, and marketing and distribution expenses. Funds pass along these costs to …   Wikipedia

  • costs in addition — An insurance policy where costs and expenses are covered, and payable, in addition to the limit of indemnity for the claim itself. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • costs inclusive — An insurance policy under which the stated limit of indemnity includes payment of defence costs and expenses. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • costs — I noun burden of expenditure, charges, damages, disbursement, expenditure, expenses, outlay, out of pocket expenses, payment, penalty associated concepts: award of costs in an action, awards for pain and suffering, bill of costs, certification of …   Law dictionary

  • Costs (English law) — Costs is a term of art in civil litigation in English law (the law of England and Wales), and in other Commonwealth jurisdictions. After judgment has been given, the judge has the power to order who will pay the lawyers fees and other… …   Wikipedia

  • expenses of administration — The costs of wrapping up a deceased person s estate and distributing property. They may include attorney fees, appraisal, costs, and probate court fees. Category: Wills, Trusts & Estates → Estates, Executors & Probate Court Nolo’s Plain English… …   Law dictionary

  • expenses —    Costs incurred (usually out of pocket) by an employee in the normal course of business activities, particularly personal expenses such as travel and entertainment. Expenses may be met from an expense account …   Business law dictionary

  • expenses, operating — n. The ordinary and regular costs involved in operating a business. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • Expenses versus Capital Expenditures — Under United States income tax law, to make a deduction in the current taxable year, a taxpayer must be able to show that a particular cost is a business expense [IRC § 162. Section 212 permits deductions for investment expenses.] (but not an… …   Wikipedia

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