Defines the term expense

Answer 1

ex·pense

ikˈspens/

noun

1. 1. the cost required for something; the money spent on something.

   "we had ordered suits at great expense"

   synonyms: cost, price, charge, outlay, fee, tariff, levy, payment; informal,damage "the expense of entertaining"

   • the costs incurred in the performance of one's job or a specific task, especially one undertaken for another person.

     plural noun: expenses

     "his hotel and travel expenses"

   • a thing on which one is required to spend money.

     plural noun: expenses

     "tolls are a daily expense"

     synonyms: overhead, costs, outlay, expenditure(s), charges, bills, payment(s); incidentals "regular expenses"

verb

3rd person present: expenses

1. 1. offset (an item of expenditure) as an expense against taxable income.