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.

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Synonyms For Expense


cost, expenditure, charge, price, expenses


Cite Term


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Page URL
https://payrollheaven.com/define/expense/
Modern Language Association (MLA):
Expense. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 28, 2020 https://payrollheaven.com/define/expense/.
Chicago Manual of Style (CMS):
Expense. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/expense/ (accessed: February 28, 2020).
American Psychological Association (APA):
Expense. PayrollHeaven.com. Retrieved February 28, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/expense/

Definition Sources


Definitions for Expense are sourced/syndicated and enhanced from:

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

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