Define: Expense

UK Accounting Glossary

Definition: Expense

Quick Summary of Expense

An expense is caused by a transaction or event arising during the ordinary activities of the business which causes a decrease in the ownership interest.

What is the dictionary definition of Expense?

Dictionary Definition

  1. A spending or consuming. Often specifically an act of disbursing or spending funds.
  2. That which is expended, laid out, or consumed. Sometimes with the notion of loss or damage to those on whom the expense falls.
  3. obsolete Loss.


Full Definition of Expense


Expense FAQ's

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Expense. Payroll & Accounting Heaven Ltd. September 20, 2019
Chicago Manual of Style (CMS):
Expense. Payroll & Accounting Heaven Ltd. (accessed: September 20, 2019).
American Psychological Association (APA):
Expense. Retrieved September 20, 2019, from website:

Definition Sources

Definitions for Expense are sourced/syndicated from:

This glossary post was last updated: 23rd December 2018.