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cost

cost

∞ 1.0
The amount of money needed to buy or do something
  • noun
  • /kɔst/
: costo
  • Now, how are you going to bring down the cost of food and groceries?
  • cost-effective
  • low-cost
  • high costs

The climate plan will reduce the cost of of utilities.

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Examples

  • Before starting the project, we need to calculate the total cost involved.

  • Several hundred pounds per group, including the cost of lunch, materials, and equipment for making memory prompts.

    Academic text (2011)
  • So this is at least the actual cost, OK.

  • So the first one is just the cost of building a single unit.

  • Yeah, because the costs have just gone way, way up.

  • So why can the cost go up more in the US?

  • The goal should not be to simply move costs around; it must be to reduce them overall.

    Academic text (2011)
  • The main challenge to CAR T cells is their cost, which is enormous.

  • That's the cost of the food in these here bags.

  • Now, more than ever before, commissioning the most cost-effective treatments and services is crucial in the NHS.

    Academic text (2011)

Synonyms

price
vscost
∞ 1.0

The amount of money you must pay to buy something

is the general term for required payment to buy or do something
spending
vscost
∞ 1.7

Money used to buy goods and services

highlights the required money amount rather than the action of using it
fee
vscost
806 1.0

Money paid for a service or right

is the general label for any required payment to buy or do something
expense
vscost
569 2.7

An amount of money spent for work or business

is the general term for required payment, not only business uses
charge
vscost
267 2.3

An amount of money paid for a service

is the wider label for any required payment amount to buy or do something
expenditure
vscost
123 5.6

Money that a person or organization spends

focuses on the required money amount rather than the act or other resources
outlay
vscost
18 6.9

An amount of money spent on something

covers required payment broadly, not only initial disbursements
16 2.1

The amount of money you pay to buy something

is the broader term for required payment to obtain or use something

Antonyms

∞ 1.0

Not costing any money

Idioms

28 4.1

Willing to do anything to get something, even if it is dangerous or expensive

To be very expensive

Compounds

129 2.0

Cheap to buy and easy to afford

The money needed to pay for basic things like food and housing

19 3.0

Steps a company takes to spend less money

average cost
  • Specialized
17 2.7

Total money spent on all units divided by the number of units

production cost
  • Specialized
16 3.1

Money a company spends on materials and work to make goods

cost analysis
  • Specialized
15 3.7

A careful study of the separate costs of a project to find savings

operating cost
  • Specialized
13 3.5

Money spent to run and maintain a business or building, like utilities and insurance

13 2.4

A rise in how much you must pay to buy or make something

cost-benefit analysis
  • Specialized
12 3.9

A careful comparison of costs and benefits to decide if benefits outweigh costs

opportunity cost
  • Specialized
9 5.6

What you give up when you choose one thing instead of another

cost overrun
  • Specialized
8 5.1

The extra money a project spends compared with its planned budget

capital cost
  • Specialized
7 3.6

Money spent to buy things like machines or buildings for a business

borrowing cost
  • Specialized
6 3.1

Money you pay in interest and fees to use money from a bank or another person

marginal cost
  • Specialized
5 4.8

The extra cost to make one more item

cost of capital
  • Specialized
5 7.2

The minimum return a business needs on an investment to keep its market value and attract money

transaction cost
  • Specialized
5 4.1

Money you spend when you buy or sell something, for example finding information and making agreements

direct cost
  • Specialized
5 3.4

A cost you can put on a single project, like materials or wages

The money a company spends on advertising, distribution, and selling products

unit cost
  • Specialized
3 3.3

The amount of money needed to make, store, and sell one item

replacement cost
  • Specialized
3 4.0

How much you pay now to buy a new item that does the same job as the old one

distribution cost
  • Specialized
2 4.2

Money companies pay to deliver goods to customers, like shipping and advertising

cost accounting
  • Specialized
1 5.1

A way for a company to record and study how much money it spends to make and sell products

incremental cost
  • Specialized
1 4.9

The extra or less money needed to make one more product

fixed cost
  • Specialized
1 3.7

A regular business cost that does not change when production changes, like rent and insurance

cost-plus
  • Specialized
1 6.6

A contract that pays actual costs plus an agreed extra fee

cost-of-living index
  • Specialized
1 3.5

A number showing how much money a typical household needs for basic goods and services

carrying cost
  • Specialized
1 6.4

Money you pay to keep something, for example storage, repairs, insurance, and lost income

cost-plus contract
  • Specialized
1 6.7

A contract that pays a contractor for all costs plus an agreed fee or percentage

cost accountant
  • Specialized
1 4.9

A person who records and controls costs of making goods or services

1 3.7

A payment that automatically increases when prices rise to help people afford things

1 4.1

Extra pay for employees to help with higher living costs

An amount of money that a seller charges to prepare and pack an order for delivery

cost ledger
  • Specialized
1 5.6

A book or record showing a company's costs by type

quality cost
  • Specialized
1 6.3

Total money a company spends to make products or services work well and fix problems

failure cost
  • Specialized
1 5.7

Money a company loses when faulty products or services cause problems for customers and the company

capital cost
  • Specialized
1 6.6

How much a business pays to use money for investment

A very high price that is far above normal

bargaining cost
  • Specialized
1 4.8

Money and time spent to reach an agreement, such as talking and preparing a contract

reproduction cost
  • Specialized
1 6.9

Money needed to make an exact copy of a building or item after reducing for loss in value

differential cost
  • Specialized
1 6.9

The change in total cost when you produce one more or one less item

cost of quality
  • Specialized
1 4.9

The total money a company spends to make sure products are good and to fix problems when they are not

5.2

A study of the costs of making a product to see how they affect profit

cost-pull inflation
  • Specialized
7.0

A rise in general prices caused by higher production costs like wages and raw materials

appraisal cost
  • Specialized
5.3

Money spent to check that products or services meet quality standards

external failure cost
  • Specialized
6.5

Money a company loses when faulty products reach customers, for example from returns or repairs

internal failure cost
  • Specialized
5.9

Costs a company pays when it finds and fixes or throws away defective products before they reach customers

Money spent to check that people follow a contract and to act if they break it

prevention cost
  • Specialized
4.2

Money spent to stop problems in a product or process before they happen

3.9

Money you pay to process a transfer on a digital money network, often higher when the network is busy

How Expensive

fortune
510 2.8
expense
569 2.7
cost
∞ 1.0
to charge
578 2.0
pittance
14 7.9

Surface Forms

cost singular
costs plural

Etymology

Cost (money) comes from the same Latin root constare via Old French, and it became the word for the amount you must 'pay' to buy or do something. So the modern cost is simply the 'price' you give for an item or service.