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.


Synonyms For Expense

cost, expenditure, charge, price, expenses

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. February 28, 2020
Chicago Manual of Style (CMS):
Expense. Payroll & Accounting Heaven Ltd. (accessed: February 28, 2020).
American Psychological Association (APA):
Expense. Retrieved February 28, 2020, from website:

Definition Sources

Definitions for Expense are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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