Expenses Meaning and Definition
Expenses
Pronunciation
/ɛkˈspɛnsɪz/
Part of Speech
Noun
Definition
Expenses refer to the costs or expenditures incurred in the operation of a business, organization, or individual, including the purchase of goods, services, and other assets.
Examples
1. “The company’s expenses for the quarter included salaries, rent, and marketing costs.”
2. “She kept track of her personal expenses using a budgeting app.”
Synonyms
1. Expenditures
2. Outlays
3. Disbursements
Antonyms
1. Income
2. Revenue
3. Savings
Additional Information
Expenses are a crucial aspect of financial management, as they can significantly impact an individual’s or organization’s financial health. Effective expense management involves tracking, categorizing, and controlling expenses to ensure they are aligned with financial goals and objectives.
There are several types of expenses, including fixed expenses, variable expenses, and periodic expenses. Fixed expenses remain the same from month to month, such as rent or mortgage payments. Variable expenses, on the other hand, can fluctuate, such as utility bills or entertainment expenses. Periodic expenses occur at irregular intervals, such as car maintenance or property taxes.
Expenses can also be categorized as personal or business expenses. Personal expenses are incurred by individuals for their personal use, such as groceries or clothing. Business expenses, on the other hand, are incurred by organizations to generate revenue or support their operations.
Etymology
The word “expenses” comes from the Latin “expendere,” meaning “to pay out” or “to disburse.” The term has been used in English since the 15th century to describe the costs or expenditures incurred by individuals or organizations.
Usage Notes
Expenses can be used as a noun or a verb. As a noun, it refers to the costs or expenditures incurred. As a verb, it means to pay out or disburse money for a particular purpose.
Expenses can also be used in different contexts, such as business, finance, or personal finance. In business, expenses are often categorized as operating expenses or capital expenses. In personal finance, expenses are often tracked and managed using budgeting tools or apps.
Cultural References
The concept of expenses is often referenced in popular culture, such as in movies or TV shows that feature characters struggling with financial management or debt. Expenses are also a common topic in personal finance books and articles.
Idiomatic Expressions or Phrases
Some common idiomatic expressions or phrases that include the word “expenses” include:
1. “Expenses add up” – meaning that small expenses can accumulate and become significant over time.
2. “Cut expenses” – meaning to reduce or eliminate unnecessary expenses to save money.
3. “Expenses are mounting” – meaning that expenses are increasing rapidly and becoming a financial burden.
Collocations
Some common collocations with the term “expenses” include:
1. “Business expenses”
2. “Personal expenses”
3. “Operating expenses”
4. “Capital expenses”
Frequency of Use
The word “expenses” is a common term in personal and business finance, and is frequently used in everyday conversation and writing.
Some common misspellings of the word “expenses” include:
1. “Expences”
2. “Expensis”
3. “Expensses”