expense


expense
ex·pense 1 n: financial burden or outlay; specif: an item of business outlay chargeable against revenue for a specific period
busi·ness expense: an expense made in furtherance of one's business esp. as part of the cost of operating a business in the taxable year in which the expense is incurred compare capital expense and personal expense in this entry
◇ Business expenses are generally tax deductible in the year the expense is incurred.
capital expense: an expense made in a business that will provide a long-term benefit: capital expenditure
◇ Capital expenses are not tax deductible as business expenses but may be used for depreciation or amortization.
mov·ing expense: an expense incurred in changing one's residence that is tax deductible if incurred for business reasons (as when one's job requires relocation)
or·di·nary and nec·es·sary expense: an expense that is normal or customary and helpful and appropriate for the operation of a particular business or trade and that is made during the taxable year – called also ordinary and necessary business expense;
◇ Ordinary and necessary expenses are tax deductible.
per·son·al expense: an expense incurred in the course of one's personal affairs as distinguished from the course of one's employment or the operation of a business compare business expense in this entry
◇ Personal expenses are usu. not tax deductible.
expense 2 vt ex·pensed, ex·pens·ing
1: to charge with expenses
2: to write off as an expense

Merriam-Webster’s Dictionary of Law. . 1996.

expense
I (cost) noun amount, appraisal, appraisement, assessment, budgeted items, buying price, charge, consideration, cost incurred, costliness, debit, defrayal, defrayment, discharge of a debt, dispendium, drain on resources, due, exaction, exactment, expenditure, fair value, fee, impendium, impensa, market price, monetary value, money expended, obligation, outgo, outlay, overhead, payment, price, rate, remittance, sum, sum charged, valuation, value, worth associated concepts: accrued business expense, actual expenses, capital expense, collection expense, contingent expense, current expenses, deductible expense, disbursements, expenditures of an estate, expenses in bringing an action, expenses incurred, expenses of administration, expenses of condemnation, expenses of receivership, extraordinary expenses, general operating expense, incidental expenses, legitimate expense, maintenance expense, mandatory expense, necessary and regular expense, necessary business expense, nonbusiness expense, office expenses, operating expenses, ordinary expenses, personal expenses, proper expenses, reasonable expenses, unusual expenses, witness expenses II (sacrifice) noun abandonment, casualty, cession, concession, consumption, costliness, damage, decline, deprival, deprivation, deterioration, detriment, disadvantage, disposal, dissipation, dissolution, drain, drain on resources, erosion, forfeit, forfeiture harm, hurt, ill fortune, impairment, injury, loss, penalty, privation, relinquishment, renunciation, surrender III index charge (cost), disbursement (funds paid out), expenditure, fare, fee (charge), maintenance (upkeep), outflow, outlay, overhead, payment (remittance), price, rate, value, worth

Burton's Legal Thesaurus. . 2006


expense
n.
Cost; the amount of money spent on something.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


expense
In business accounting and business taxation, any current cost of operation, such as rent, utilities, and payroll, as distinguished from a capital expenditure for long-term property and equipment.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits
Category: Real Estate & Rental Property

Nolo’s Plain-English Law Dictionary. . 2009.

expense
expense (insolvency)
England, Wales
The costs and expenses properly incurred by an insolvency practitioner in the course of his appointment over an insolvent estate. Insolvency expenses are paid out of asset realisations before any distribution to the holders of floating charges or unsecured creditors. What ranks as an insolvency expense is defined by rule 2.67 of the Insolvency Rules 1986 (administration) and rule 4.218 of the Insolvency Rules 1986 (liquidation).

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

expense
n.
   in business accounting and business taxation, any current cost of operation, such as rent, utilities and payroll, as distinguished from capital expenditure for long-term property and equipment.
   See also: capital expenditure

Law dictionary. . 2013.

Synonyms:

Look at other dictionaries:

  • expense — ex‧pense [ɪkˈspens] noun 1. [countable, uncountable] ACCOUNTING an amount of money that a business or organization has to spend on something: • Most advertisers look upon advertising as an expense and not an investment, which is a mistake. • The… …   Financial and business terms

  • Expense — Ex*pense , n. [L. expensa (sc. pecunia), or expensum, fr. expensus, p. p. of expendere. See {Expend}.] 1. A spending or consuming; disbursement; expenditure. [1913 Webster] Husband nature s riches from expense. Shak. [1913 Webster] 2. That which… …   The Collaborative International Dictionary of English

  • expense — [ek spens′, ikspens′] n. [ME < Anglo Fr < LL expensa (pecunia), paid out (money) < L expensum, neut. pp. of expendere: see EXPEND] 1. Obs. the act of expending; a spending or using up 2. financial cost; fee; charge 3. any cost or… …   English World dictionary

  • expense — late 14c., from Anglo Fr. expense, O.Fr. espense money provided for expenses, from L.L. expensa disbursement, outlay, expense, prop. neut. pl. pp. of L. expendere to weigh out money, to pay down (see EXPEND (Cf. expend)). The verb is 1909, from… …   Etymology dictionary

  • expense — ► NOUN 1) the cost incurred in or required for something. 2) (expenses) specific costs incurred in the performance of a job or task. 3) something on which money must be spent. ● at the expense of Cf. ↑at the expense of …   English terms dictionary

  • expense — cost, *price, charge …   New Dictionary of Synonyms

  • expense — [n] cost, payment amount, assessment, bite*, bottom line*, budget, charge, consumption, debit, debt, decrement, deprivation, disbursement, duty, expenditure, forfeit, forfeiture, insurance, investment, liability, loan, loss, mortgage, obligation …   New thesaurus

  • Expense — Expenses redirects here. For the row about members expenses in the UK Parliament which started about May 2009, see United Kingdom Parliamentary expenses scandal. Accountancy Key concepts Accountant · Accounting period ·… …   Wikipedia

  • expense — noun 1 cost/money spent on sth ADJECTIVE ▪ considerable, enormous, great, huge, significant, vast ▪ added, additional, extra …   Collocations dictionary

  • expense — ex|pense [ ık spens ] noun *** 1. ) count an amount of money you spend in order to buy or do something: Rent is our biggest expense. You can claim part of your telephone bill as a business expense. traveling/medical/legal expenses a factory s… …   Usage of the words and phrases in modern English


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